SEC Form 4 · accession 0001209191-19-000991
Casa Systems Inc · CASA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lucy Xie
Officer — SVP of Operations · Director
Period of report
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 4:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001333835
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 1, 2019 | M | 6,960 | — | A | 2,109,604 | D | |
| Common StockF2,F3 | Jan 1, 2019 | F | 20,354 | $13.13 | D | 2,089,250 | 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 | — | Jan 1, 2019 | M | 6,960 | D | — | — | Common Stock | 6,960 | 20,882 | D |
Explanation of responses
- F1Restricted stock units ("RSUs") converted into common stock, $0.001 par value per share (the "Common Stock"), of Casa Systems, Inc. (the "Company") on a one-for-one basis upon vesting of the units.
- F2Shares withheld by the Company to satisfy tax withholding requirements on vesting of RSUs. No shares were sold.
- F3Consists of 2,043,590 shares of Common Stock and 45,660 shares issuable pursuant to outstanding RSUs that were previously reported on Table I.
- F4Each RSU represents the right to receive one share of Common Stock upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date for RSUs reported on Table II, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes.
- F5Scheduled to vest over four years, with 25% of the 27,842 shares underlying the award having vested on January 1, 2019, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter.