SEC Form 4 · accession 0001209191-16-149059
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert W Granow
Officer — SVP and Controller
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 4:32 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 | Nov 7, 2016 | M | 7,300 | $5.57 | A | 15,722 | D | |
| Common StockF3,F2 | Nov 7, 2016 | S | 7,300 | $33.0082 | D | 8,422 | D | |
| Common StockF2 | Nov 8, 2016 | M | 2,700 | $5.57 | A | 11,122 | D | |
| Common StockF2 | Nov 8, 2016 | S | 2,700 | $33.00 | D | 8,422 | 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 | Nov 7, 2016 | M | 7,300 | D | Feb 17, 2016 | Feb 21, 2021 | Common Stock | 7,300 | 26,728 | D |
| Stock Option (Right to Buy) | $5.57 | Nov 8, 2016 | M | 2,700 | D | Feb 16, 2016 | Feb 21, 2021 | Common Stock | 2,700 | 24,028 | 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 25, 2016.
- F2As previously reported, includes (a) 5,179 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) 2,096 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 33.00 to 33.05. 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.