SEC Form 4 · accession 0001209191-16-150593
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Martin Armstrong Jr.
Officer — SVP, Corporate Finance
Period of report
Nov 14, 2016
Accepted (ET)
Nov 16, 2016 · 5:06 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 StockF1 | Nov 14, 2016 | M | 30,000 | $5.74 | A | 44,289 | D | |
| Common StockF2,F1 | Nov 14, 2016 | S | 30,000 | $33.9506 | D | 14,289 | 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) | $5.74 | Nov 14, 2016 | M | 30,000 | A | Feb 17, 2016 | Jan 26, 2021 | Common Stock (Right to Buy) | 30,000 | 24,912 | D |
Explanation of responses
- F1As previously reported, includes (a) 5,847 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) 2,348 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 $33.65 to $34.16. 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.