SEC Form 4 · accession 0001209191-15-024522
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Martin Armstrong Jr.
Officer — SVP, Corporate Finance
Period of report
Mar 9, 2015
Accepted (ET)
Mar 10, 2015 · 4:02 pm EDT
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 | Mar 9, 2015 | M | 1,694 | $8.55 | A | 10,136 | D | |
| Common StockF1 | Mar 9, 2015 | M | 25,000 | $5.74 | A | 35,136 | D | |
| Common StockF2,F1 | Mar 9, 2015 | S | 26,694 | $29.9864 | D | 8,442 | 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) | $8.55 | Mar 9, 2015 | M | 1,694 | D | Jan 14, 2011 | Jan 20, 2020 | Common Stock | 1,694 | 0 | D |
| Stock Option (Right to Buy)F3 | $5.74 | Mar 9, 2015 | M | 25,000 | D | — | Jan 26, 2021 | Common Stock | 25,000 | 119,067 | D |
Explanation of responses
- F1As previously reported, includes 3,522 restricted stock units that were granted on 02/24/2015 and will 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 price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $29.95 to $30.05. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price for this transaction.
- F3Includes 16,563 unvested options that vest ratably 01/14/2016, subject to the reporting person's continued service on each vesting date. Per SEC guidance, excludes 16,563 unvested options that are subject to performance-based vesting conditions.