SEC Form 4 · accession 0001140361-17-024579
Itron Networked Solutions, Inc. · SSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raj Vaswani
Officer — Co-Founder
Period of report
Jun 7, 2017
Accepted (ET)
Jun 9, 2017 · 4:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001180079
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 7, 2017 | M | 20,234 | $1.10 | A | 602,355 | D | |
| Common StockF2,F3 | Jun 7, 2017 | S | 20,234 | $10.2981 | D | 582,121 | D | |
| Common Stock | Jun 8, 2017 | M | 130 | $1.10 | A | 582,251 | D | |
| Common Stock | Jun 8, 2017 | S | 130 | $10.35 | D | 582,121 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $1.10 | Jun 7, 2017 | M | 20,234 | D | — | Dec 13, 2017 | Common Stock | 20,234 | 85,766 | D |
| Employee Stock Option (Right to Buy)F4 | $1.10 | Jun 8, 2017 | M | 130 | D | — | Dec 13, 2017 | Common Stock | 130 | 85,636 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 30, 2016.
- F2Represents the aggregate of sales effected on the same day at different prices.
- F3Represents the weighted average sales price per share. The shares were sold at prices ranging from $10.24 to $10.395 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F4The stock option grant has fully vested and is immediately exercisable.