SEC Form 4 · accession 0001377789-15-000099
AVIAT NETWORKS, INC. · AVNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shaun McFall
Officer — SVP & Chief Marketing Officer
Period of report
Nov 20, 2015
Accepted (ET)
Nov 24, 2015 · 12:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001377789
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 20, 2015 | A | 102,970 | $0.00 | A | 329,079 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Performance share units, which are subject to vesting. Vesting requires both (a) continuing employment with the Corporation, and (b) achievement of at least the minimum performance and time result for the three-year period set forth in the Specific Terms and Conditions. Once shares have achieved their performance components, they will vest 3 to the holder, 3 years from the DOG with the exception of the 3rd tranche which will vest upon confirmation from the BOD of achievement of the 3rd performance metric requirement. Unvested performance share units are subject to cancelation by the Corporation at $0.01 per share if eligible employment ends or, following the determination of actual Corporation performance versus metrics, to the extent such performance share units do not vest.