SEC Form 4 · accession 0001209191-16-156489
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marvin S Edwards Jr.
Officer — President and CEO · Director
Period of report
Dec 20, 2016
Accepted (ET)
Dec 22, 2016 · 4:14 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 | Dec 20, 2016 | M | 51,500 | $5.74 | A | 192,235 | D | |
| Common StockF3,F2 | Dec 20, 2016 | S | 51,500 | $37.2369 | D | 140,735 | D | |
| Common StockF2 | Dec 21, 2016 | M | 39,744 | $5.74 | A | 180,479 | D | |
| Common StockF4,F2 | Dec 21, 2016 | S | 39,744 | $37.2831 | D | 140,735 | 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 | Dec 20, 2016 | M | 51,500 | D | Feb 17, 2016 | Jan 26, 2021 | Common Stock | 51,500 | 1,558,778 | D |
| Common Stock (Right to Buy) | $5.74 | Dec 21, 2016 | M | 39,744 | D | Feb 17, 2016 | Jan 26, 2021 | Common Stock | 39,744 | 1,519,034 | 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 November 15, 2016.
- F2As previously reported, includes (a) 53,461 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) 27,020 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 $37.20 to $37.50. 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 prices of the shares sold in this transaction. The price range for this transaction is $37.20 to $37.41. 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.