SEC Form 4 · accession 0001377789-16-000183
AVIAT NETWORKS, INC. · AVNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Chang
Officer — VP, Corporate Controller & PAO
Period of report
Sep 22, 2016
Accepted (ET)
Sep 26, 2016 · 6:15 pm EDT
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 | Sep 22, 2016 | A | 2,970 | $0.00 | A | 12,816 | D | |
| Common StockF2 | Sep 22, 2016 | A | 2,727 | $0.00 | A | 15,543 | 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 thethree-year period set forth in the Specific Terms and Conditions. Once shares have achieved their performance components, they will vest 3 years from the date of grant. Unvested performance share units are subject to cancellation by the Corporation at $0.01 per share if eligible employment ends or, following the determination of achievement of performance measures.
- F2100% of the shares subject to the award shall vest three years from the grant date, contingent upon continued employment.