SEC Form 4 · accession 0001209191-16-095904
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randall W Crenshaw
Officer — EVP and COO
Period of report
Feb 2, 2016
Accepted (ET)
Feb 5, 2016 · 12:38 pm 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 StockF2 | Feb 2, 2016 | M | 25,000 | $5.74 | A | 58,138 | D | |
| Common StockF3,F2 | Feb 2, 2016 | S | 25,000 | $22.2876 | D | 33,138 | 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 | Feb 2, 2016 | M | 25,000 | D | — | Jan 26, 2021 | Common Stock | 25,000 | 283,383 | 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 14,088 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 $22.00 to $22.9150. 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 52,580 unvested options that are subject to performance-based vesting conditions.