SEC Form 4 · accession 0001209191-16-156114
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank M Drendel
Director
Period of report
Dec 16, 2016
Accepted (ET)
Dec 20, 2016 · 4:26 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 StockF3 | Dec 16, 2016 | S | 27,262 | $36.591 | D | 53,738 | I | by GRAT |
| Common StockF4 | Dec 19, 2016 | S | 9,188 | $36.7803 | D | 44,550 | I | by GRAT |
| Common StockF5 | Dec 16, 2016 | S | 27,262 | $36.591 | D | 53,738 | I | by GRAT |
| Common StockF6 | Dec 19, 2016 | S | 9,188 | $36.7859 | D | 44,550 | I | by GRAT |
| Common StockF7 | Dec 16, 2016 | S | 27,262 | $36.591 | D | 53,738 | I | by GRAT |
| Common StockF8 | Dec 19, 2016 | S | 9,188 | $36.7837 | D | 44,550 | I | by GRAT |
| Common StockF9 | Dec 16, 2016 | S | 15,145 | $36.591 | D | 29,855 | I | by Family Trust |
| Common StockF10 | Dec 19, 2016 | S | 5,105 | $36.7942 | D | 24,750 | I | by Family Trust |
| Common StockF11 | Dec 16, 2016 | S | 113,069 | $36.591 | D | 222,886 | I | by Martial Trust |
| Common StockF12 | Dec 19, 2016 | S | 38,110 | $36.7838 | D | 184,776 | I | by Marital Trust |
| Common StockF1 | holding | — | — | — | 2,327,865 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As previously reported, includes (a) 14,969 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, each subject to the reporting person's continued employment with the issuer.
- F10The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $36.44 to $36.96. 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.
- F11The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $36.26 to $37.14. 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.
- F12The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $36.37 to $36.97. 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.
- F2The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 16. 2016.
- F3The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $36.26 to $37.14. 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 $36.37 to $36.96. 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.
- F5The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $36.26 to $37.14. 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.
- F6The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $36.41 to $36.95. 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.
- F7The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $36.26 to $37.14. 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.
- F8The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $36.44 to $36.97. 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.
- F9The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $36.26 to $37.14. 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.