SEC Form 4 · accession 0001209191-15-041617
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank B Wyatt II
Officer — SVP, General Counsel & Sec
Period of report
May 11, 2015
Accepted (ET)
May 12, 2015 · 4:08 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 StockF2 | May 11, 2015 | M | 7,842 | $8.85 | A | 42,608 | D | |
| Common StockF3,F2 | May 11, 2015 | S | 7,842 | $30.0586 | D | 34,766 | 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) | $8.85 | May 11, 2015 | M | 7,842 | D | Jan 14, 2011 | Dec 12, 2016 | Common Stock | 7,842 | 3,558 | 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 March 10, 2015.
- F2As previously reported, includes 7,586 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 prices of the shares sold in this transaction. The price range for this transaction is $30.00 to $30.13. 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.