SEC Form 4 · accession 0001209191-15-066755

Vistance Networks, Inc. · VISN

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

Reporting owner

Officer — EVP and CFO

Period of report

Aug 17, 2015

Accepted (ET)

Aug 19, 2015 · 8:40 am 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	Aug 17, 2015	M	13,126	$5.74	A	33,869	D
Common Stock^F2	Aug 17, 2015	M	6,874	$5.57	A	40,743	D
Common Stock^F3,F2	Aug 17, 2015	S	20,000	$31.5363	D	20,743	D

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	Aug 17, 2015	M	13,126	D	—	Jan 26, 2021	Common Stock	13,126	41,943	D
Stock Option (Right to Buy)^F5	$5.57	Aug 17, 2015	M	6,874	D	—	Feb 21, 2012	Common Stock	6,874	129,540	D

F1The transaction reported in the 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 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 price of the shares sold in this transaction. The price range for this transaction is $31.31 to $31.78. 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.
F4Per SEC guidance, excludes 13,144 unvested options that are subject to performance-based vesting conditions.
F5Per SEC guidance, excludes 12,622 unvested options that are subject to performance-based vesting conditions.