SEC Form 4 · accession 0001209191-15-043718
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Mark A Olson
Officer — EVP and CFO
Period of report
May 15, 2015
Accepted (ET)
May 18, 2015 · 4:06 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 15, 2015 | M | 10,000 | $5.74 | A | 30,743 | D | |
| Common StockF3,F2 | May 15, 2015 | S | 10,000 | $30.6772 | D | 20,743 | 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)F4 | $5.74 | May 15, 2015 | M | 10,000 | D | — | Jan 26, 2021 | Common Stock | 10,000 | 71,650 | 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 May 5, 2014.
- F2As previously reported, includes 10,837 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 $30.46 to $30.79. 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 16,563 unvested options that vest on 01/14/2016, subject to the reporting person's continued service on the vesting date. Per SEC guidance, excludes 16,563 unvested options that are subject to performance-based vesting conditions.