SEC Form 4 · accession 0001209191-15-006853
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Olson
Officer — EVP and CFO
Period of report
Jan 27, 2015
Accepted (ET)
Jan 27, 2015 · 5:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001517228
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 27, 2015 | M | 10,000 | $5.74 | A | 19,906 | D | |
| Common Stock | Jan 27, 2015 | S | 10,000 | $22.75 | D | 9,906 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $5.74 | Jan 27, 2015 | M | 10,000 | D | — | Jan 26, 2021 | Common Stock | 10,000 | 72,644 | D |
Explanation of responses
- F1The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 5, 2014.
- F2Includes 16,563 unvested options that vest on 01/14/16, subject to the reporting person's continued service on each vesting date. Per SEC guidance, excludes 55,569 unvested options that are subject to performance-based vesting conditions.