SEC Form 4 · accession 0001209191-16-100463
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marvin S Edwards Jr.
Officer — President and CEO · Director
Period of report
Feb 17, 2016
Accepted (ET)
Feb 19, 2016 · 4:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001517228
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $5.74 | Feb 17, 2016 | A | 89,124 | A | Feb 17, 2016 | Jan 26, 2021 | Common Stock | 89,124 | 1,919,034 | D |
Explanation of responses
- F1On January 26, 2011, the reporting person was granted an option to purchase 993,825 shares of common stock, which vests in five equal annual installments based on the Company's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2011, 2012, 2013, 2014, and 2015. The performance criteria for 2015 were partially met, resulting in vesting of the option as to a total of 89,124 shares.