SEC Form 4 · accession 0001209191-16-126249
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank B Wyatt II
Officer — SVP, General Counsel & Sec
Period of report
Jun 6, 2016
Accepted (ET)
Jun 7, 2016 · 4:11 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 StockF2 | Jun 6, 2016 | M | 7,843 | $2.96 | A | 51,520 | D | |
| Common StockF2 | Jun 6, 2016 | M | 22,157 | $8.55 | A | 73,677 | D | |
| Common StockF3,F2 | Jun 6, 2016 | S | 30,000 | $31.9584 | D | 43,677 | 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) | $2.96 | Jun 6, 2016 | M | 7,843 | D | Jan 14, 2011 | Mar 24, 2019 | Common Stock | 7,843 | 0 | D |
| Stock Option (Right to Buy) | $8.55 | Jun 6, 2016 | M | 22,157 | D | Jan 14, 2011 | Jan 20, 2020 | Common Stock | 22,157 | 65,368 | 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, 2016.
- F2As previously reported, includes (a) 9,823 restricted stock units that were granted on 02/23/2016 and will vest in three equal installments on 02/23/2017, 02/23/2018, and 02/23/2019; and (b) 5,058 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.
- F3The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $31.77 to $32.15. 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.