SEC Form 4 · accession 0001209191-15-069068
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter U Karlsson
Officer — SVP of CommScope, Inc.
Period of report
Sep 1, 2015
Accepted (ET)
Sep 2, 2015 · 4:10 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 | Sep 1, 2015 | M | 10,000 | $5.74 | A | 17,802 | D | |
| Common StockF3,F2 | Sep 1, 2015 | S | 10,000 | $32.1533 | D | 7,802 | 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 | Sep 1, 2015 | M | 10,000 | D | — | Jan 26, 2021 | Common Stock | 10,000 | 161,671 | 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 7,802 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 $31.655 to $32.41. 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 21,034 unvested options that are subject to peformance-based vesting conditions.