SEC Form 4/A · accession 0001209191-16-106585
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Mark A Olson
Officer — EVP and CFO
Period of report
May 15, 2015
Accepted (ET)
Mar 7, 2016 · 4:42 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,F3 | May 15, 2015 | M | 9,518 | $5.74 | A | 30,261 | D | |
| Common StockF2,F3 | May 15, 2015 | M | 482 | $5.57 | A | 30,743 | 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,F4 | $5.74 | May 15, 2015 | M | 9,518 | D | — | Jan 26, 2021 | Common Stock | 9,518 | 72,132 | D |
| Stock Option (Right to Buy)F2,F5 | $5.57 | May 15, 2015 | M | 482 | D | — | Feb 21, 2021 | Common Stock | 482 | 138,673 | 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 May 5, 2014.
- F2The reporting person's original Form 4 reported the exercise of 10,000 stock options having an exercise price of $5.74 per share, Instead, the transaction involved the exercise of 9,518 stock options having an exercise price of $5.74 per share and the exercise of 482 stock options having an exercise price of $5.57 per share.
- F3As previously reported, includes 10,837 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.
- F4Includes 16,563 unvested options that vest on 01/14/2016, subject to the reporting person's continued service on the vesting date. Per SEC guidance, excludes 16,563 unvested options that are subject to performance-based vesting conditions.
- F5Includes 19,881 unvested options that vest on 01/14/2016, subject to the reporting person's continued service on the vesting date. Per SEC guidance, excludes 19,881 unvested options that are subject to performance-based vesting conditions.