SEC Form 4 · accession 0001209191-15-079524
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank M Drendel
Director
Period of report
Nov 11, 2015
Accepted (ET)
Nov 12, 2015 · 9:08 am EST
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 | Nov 11, 2015 | M | 224,400 | $5.35 | A | 2,173,684 | D | |
| Common StockF1 | Nov 11, 2015 | M | 153,300 | $8.85 | A | 2,326,984 | D | |
| Common Stock | holding | — | — | — | 81,000 | I | By GRAT | |
| Common Stock | holding | — | — | — | 81,000 | I | By GRAT | |
| Common Stock | holding | — | — | — | 81,000 | I | By GRAT | |
| Common Stock | holding | — | — | — | 45,000 | I | By family trust | |
| Common Stock | holding | — | — | — | 335,955 | I | By marital trust |
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) | $5.35 | Nov 11, 2015 | M | 224,400 | D | Jan 14, 2011 | Dec 14, 2015 | Common Stock | 224,400 | 0 | D |
| Stock Option (Right to Buy) | $8.85 | Nov 11, 2015 | M | 153,300 | D | Jan 14, 2011 | Dec 12, 2016 | Common Stock | 153,300 | 0 | D |
Explanation of responses
- F1As previously reported, includes 11,920 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.