SEC Form 4 · accession 0001209191-15-068614
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joanne Townsend
Officer — SVP for CommScope, Inc.
Period of report
Aug 28, 2015
Accepted (ET)
Aug 31, 2015 · 4:14 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 StockF1 | Aug 28, 2015 | M | 5,720 | $5.57 | A | 9,881 | D | |
| Common StockF1 | Aug 28, 2015 | S | 5,720 | $31.89 | D | 4,161 | 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)F2 | $5.57 | Aug 28, 2015 | M | 5,720 | D | — | Nov 13, 2022 | Common Stock | 5,720 | 112,486 | D |
Explanation of responses
- F1As previously reported, includes 4,161 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.
- F2Per SEC guidance, excludes 13,144 unvested options that are subject to performance-based vesting conditions.