SEC Form 4 · accession 0001209191-15-041767
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marvin S Edwards Jr.
Officer — President and CEO · Director
Period of report
May 11, 2015
Accepted (ET)
May 12, 2015 · 4:56 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 | 10,779 | $8.85 | A | 99,953 | D | |
| Common StockF2 | May 11, 2015 | M | 47,964 | $2.96 | A | 147,917 | D | |
| Common StockF2 | May 11, 2015 | M | 40,045 | $8.55 | A | 187,962 | D | |
| Common StockF3,F2 | May 11, 2015 | S | 98,788 | $30.2535 | D | 89,174 | D | |
| Common StockF2 | May 12, 2015 | M | 11,991 | $8.55 | A | 101,165 | D | |
| Common StockF4,F2 | May 12, 2015 | S | 11,991 | $30.0469 | D | 89,174 | 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 | 10,779 | D | Jan 14, 2011 | Dec 12, 2016 | Common Stock | 10,779 | 0 | D |
| Stock Option (Right to Buy) | $2.96 | May 11, 2015 | M | 47,964 | D | Jan 14, 2011 | Mar 24, 2019 | Common Stock | 47,964 | 0 | D |
| Stock Option (Right to Buy) | $8.55 | May 11, 2015 | M | 40,045 | D | Jan 14, 2011 | Jan 20, 2020 | Common Stock | 40,045 | 221,138 | D |
| Stock Option (Right to Buy) | $8.55 | May 12, 2015 | M | 11,991 | D | Jan 14, 2011 | Jan 20, 2020 | Common Stock | 11,991 | 209,147 | 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 9, 2015.
- F2As previously reported, includes 40,529 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 $30.00 to $30.40. 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.
- F4The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $30.00 to $30.26. 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.