SEC Form 4 · accession 0001209191-15-025147

Vistance Networks, Inc. · VISN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP and COO

Period of report

Mar 10, 2015

Accepted (ET)

Mar 11, 2015 · 4:05 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
Common Stock^F2	Mar 10, 2015	M	3,414	$8.55	A	36,552	D
Common Stock^F2	Mar 10, 2015	M	16,586	$5.74	A	53,138	D
Common Stock^F3,F2	Mar 10, 2015	S	20,000	$29.3527	D	33,138	D

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 10, 2015	M	3,414	D	Jan 14, 2011	Jan 20, 2020	Common Stock	3,414	0	D
Common Stock (Right to Buy)^F4	$5.74	Mar 10, 2015	M	16,586	D	—	Jan 26, 2021	Common Stock	16,586	579,708	D

F1The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 25, 2014.
F2As previously reported, includes 14,088 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.
F3The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $29.08 to $29.92. 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.
F4Includes 66,255 unvested options that vest on 01/14/2016, subject to the reporting person's continued service on such vesting date. Per SEC guidance, excludes 66,255 unvested options that are subject to performance-based vesting conditions.