SEC Form 4 · accession 0001140361-17-045938
Itron Networked Solutions, Inc. · SSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard S. Arnold Jr.
Officer — General Counsel & Secretary
Period of report
Dec 7, 2017
Accepted (ET)
Dec 12, 2017 · 8:13 pm EST
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 | Dec 7, 2017 | M | 26,875 | $14.90 | A | 47,051 | D | |
| Common Stock | Dec 7, 2017 | M | 26,666 | $9.60 | A | 73,717 | D | |
| Common Stock | Dec 7, 2017 | M | 15,000 | $13.09 | A | 88,717 | D | |
| Common Stock | Dec 7, 2017 | S | 68,541 | $16.24 | D | 20,176 | 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)F2 | $14.90 | Dec 7, 2017 | M | 26,875 | D | — | Apr 9, 2024 | Common Stock | 26,875 | 3,125 | D |
| Employee Stock Option (right to buy)F3 | $9.60 | Dec 7, 2017 | M | 26,666 | D | — | Mar 9, 2025 | Common Stock | 26,666 | 13,334 | D |
| Employee Stock Option (right to buy)F4 | $13.09 | Dec 7, 2017 | M | 15,000 | D | — | May 9, 2026 | Common Stock | 15,000 | 25,000 | D |
Explanation of responses
- F1The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 27, 2016.
- F2The stock option vested as to 1/4th of the total number of shares on April 10, 2015 and thereafter vests as to 1/48th of the total number of shares in equal monthly installments.
- F3The stock option vested as to 1/4th of the total number of shares on March 10, 2016 and thereafter vests as to 1/48th of the total number of shares in equal monthly installments.
- F4The stock option vested as to 1/4th of the total number of shares on May 10, 2017 and thereafter vests as to 1/48th of the total number of shares in equal monthly installments.