SEC Form 4 · accession 0001209191-16-150147
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
Nov 10, 2016
Accepted (ET)
Nov 15, 2016 · 4:08 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 10, 2016 | M | 8,900 | $8.55 | A | 52,577 | D | |
| Common StockF3,F2 | Nov 10, 2016 | S | 8,900 | $34.376 | D | 43,677 | D | |
| Common StockF2 | Nov 14, 2016 | M | 6,200 | $8.55 | A | 49,877 | D | |
| Common StockF4,F2 | Nov 14, 2016 | S | 6,200 | $35.0234 | D | 43,677 | D | |
| Common StockF2 | Nov 15, 2016 | M | 3,800 | $8.55 | A | 47,477 | D | |
| Common StockF2 | Nov 15, 2016 | S | 3,800 | $35.05 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock (Right to Buy) | $8.55 | Nov 10, 2016 | M | 8,900 | D | Jan 14, 2011 | Jan 20, 2020 | Common Stock | 8,900 | 45,368 | D |
| Common Stock (Right to Buy) | $8.55 | Nov 14, 2016 | M | 6,200 | D | Jan 14, 2011 | Jan 20, 2020 | Common Stock | 6,200 | 39,168 | D |
| Common Stock (Right to Buy) | $8.55 | Nov 15, 2016 | M | 3,800 | D | Jan 14, 2011 | Jan 20, 2020 | Common Stock | 3,800 | 35,368 | 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 $34.0250 to $34.55. 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.
- F4The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $35.00 to $35.06. 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.