SEC Form 4/A · accession 0001140361-17-032455
Itron Networked Solutions, Inc. · SSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Raj Vaswani
Officer — Co-Founder
Period of report
Aug 12, 2017
Accepted (ET)
Aug 16, 2017 · 4:56 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 | Aug 12, 2017 | M | 734 | $0.00 | A | 634,727 | D | |
| Common StockF3 | Aug 12, 2017 | F | 276 | $12.95 | D | 634,451 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | $0.00 | Aug 12, 2017 | M | 734 | D | — | — | Common Stock | 734 | 2,204 | D |
Explanation of responses
- F1Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on May 12, 2014, the grant of which was previously reported on a Form 4 by the Reporting Person.
- F2Exempt transaction pursuant to Section 16b-3(e) for payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of on this line were relinquished to the Issuer by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
- F3Due to an administrative error, the Form 4 that was filed by the Reporting Person with the U.S. Securities and Exchange Commission on August 15, 2017 mistakenly reported a sale of 9,611 shares on August 14, 2017 that did not in fact occur. This amended report retracts such reported sale and this Column 5 reflects the correct number of shares owned by the Reporting Person as of August 15, 2017.
- F4Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F525% of the RSUs vested on May 12, 2015 and thereafter vests quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on August 12, 2015. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.