SEC Form 4 · accession 0001377789-16-000184
AVIAT NETWORKS, INC. · AVNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Meena L. Elliott
Officer — SVP CLAO, Corp Sec.
Period of report
Aug 19, 2015
Accepted (ET)
Sep 26, 2016 · 6:17 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 | Aug 19, 2015 | D | 3,171 | $0.00 | D | 24,522 | D | |
| Common StockF2 | Sep 22, 2016 | A | 8,577 | $0.00 | A | 33,099 | D | |
| Common StockF3 | Sep 22, 2016 | A | 7,878 | $0.00 | A | 40,977 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Performance shares subject to vesting based on the achievement of certain performance targets by the Corporation during the Corporation's fiscal year 2015. The performance targets were not achieved, and as a result, the beneficial ownership decreased by 3,171 shares.
- F2Performance 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.
- F3100% of the shares subject to the award shall vest three years from the grant date, contingent upon continued employment.