SEC Form 4 · accession 0001209191-16-116987
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joanne Townsend
Officer — SVP for CommScope, Inc.
Period of report
May 2, 2016
Accepted (ET)
May 3, 2016 · 4:02 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 StockF1 | May 2, 2016 | M | 116,575 | $5.57 | A | 120,736 | D | |
| Common StockF2,F1 | May 2, 2016 | S | 117,962 | $30.3765 | D | 2,774 | 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) | $5.57 | May 2, 2016 | M | 116,575 | D | Feb 17, 2016 | Nov 13, 2022 | Common Stock | 116,575 | 0 | D |
Explanation of responses
- F1As previously reported, includes 2,774 restricted stock units that were granted on 02/24/2015 and will vest ratably on 02/24/2017 and 02/24/2018, each subject to the reporting person's continued employment with the issuer.
- F2The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $30.16 to $30.60. 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.