SEC Form 4 · accession 0001209191-17-014744
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robyn T Mingle
Officer — SVP of CommScope, Inc.
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 4:20 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 | Feb 23, 2017 | A | 6,250 | $0.00 | A | 11,657 | D | |
| Common StockF2 | Feb 23, 2017 | F | 683 | $37.72 | D | 10,974 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 1, 2016, the reporting person was granted 5,407 performance share units, which number could be increased or decreased based upon the Company's satisfaction of certain performance criteria during the applicable performance period. The performance criteria were exceeded, resulting in a total of 6,250 performance share units earned. The performance share units will vest ratably on 02/23/2018 and 02/23/2019, subject to the person's continued employment with the issuer.
- F2Includes (a) 3,605 restricted stock units that were granted on 08/01/2016 and will vest ratably on 02/23/2018 and 02/23/2019; and (b) 6,250 performance share units that were earned on 02/23/2017 and will vest ratably on 02/23/2018 and 02/23/2019, each subject to the reporting person's continued employment with the issuer.