SEC Form 4 · accession 0001209191-17-007146
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank M Drendel
Director
Period of report
Feb 1, 2017
Accepted (ET)
Feb 2, 2017 · 4:56 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,F3 | Feb 1, 2017 | S | 15,000 | $37.766 | D | 2,297,865 | D | |
| Common Stock | holding | — | — | — | 44,550 | I | By GRAT | |
| Common Stock | holding | — | — | — | 44,550 | I | By GRAT | |
| Common Stock | holding | — | — | — | 44,550 | I | By GRAT | |
| Common Stock | holding | — | — | — | 24,750 | I | By Family Trust | |
| Common Stock | holding | — | — | — | 184,776 | I | By Marital Trust |
Table II — derivative securities
No Table II lines on this filing.
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.
- F2The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $37.35 to $38.28. 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.
- F3As 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; and (b) 7,947 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.