SEC Form 4 · accession 0001209191-15-019022
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank M Drendel
Director
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 4:10 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 StockF1 | Feb 24, 2015 | A | 11,920 | $0.00 | A | 2,099,284 | D | |
| Common Stock | holding | — | — | — | 81,000 | I | By GRAT | |
| Common Stock | holding | — | — | — | 81,000 | I | By GRAT | |
| Common Stock | holding | — | — | — | 81,000 | I | By GRAT | |
| Common Stock | holding | — | — | — | 45,000 | I | By family trust | |
| Common Stock | holding | — | — | — | 335,955 | I | By marital trust |
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 | $30.76 | Feb 24, 2015 | A | 27,673 | A | Feb 24, 2017 | Feb 24, 2025 | Common Stock | 27,673 | 27,673 | D |
Explanation of responses
- F1Reflects restricted stock units that vest in three equal installments on 02/24/2016, 02/24/2017, and 02/24/2018, subject to the reporting person's continued employment with the issuer.
- F2The option vests in two equal installments on 02/24/2017 and 02/24/2018, subject to the reporting person's continued employment with the issuer.