SEC Form 4 · accession 0001209191-17-017487
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank M Drendel
Director
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 4:19 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 | Mar 1, 2017 | S | 13,279 | $38.9996 | D | 2,316,495 | D | |
| Common StockF4,F3 | Mar 1, 2017 | S | 1,721 | $39.426 | D | 2,314,774 | D | |
| Common StockF6 | Mar 1, 2017 | S | 11,350 | $39.0068 | D | 33,200 | I | By GRAT |
| Common StockF7 | Mar 1, 2017 | S | 800 | $39.4913 | D | 32,400 | I | By GRAT |
| Common StockF8 | Mar 1, 2017 | S | 11,050 | $38.9869 | D | 33,500 | I | By GRAT |
| Common StockF9 | Mar 1, 2017 | S | 1,100 | $39.4591 | D | 32,400 | I | By GRAT |
| Common StockF10 | Mar 1, 2017 | S | 11,250 | $39.0054 | D | 33,300 | I | By GRAT |
| Common StockF11 | Mar 1, 2017 | S | 900 | $39.4878 | D | 32,400 | I | By GRAT |
| Common StockF12 | Mar 1, 2017 | S | 5,800 | $38.9656 | D | 18,950 | I | by Family Trust |
| Common StockF13 | Mar 1, 2017 | S | 950 | $39.4005 | D | 18,000 | I | by Family Trust |
| Common StockF14 | Mar 1, 2017 | S | 46,193 | $39.002 | D | 138,583 | I | by Marital Trust |
| Common StockF15 | Mar 1, 2017 | S | 4,200 | $39.4619 | D | 134,383 | 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.
- F10The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $38.34 to $39.32. 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 prices of the shares sold in this transaction. The price range for this transaction is $39.38 to $39.61. 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 prices of the shares sold in this transaction. The price range for this transaction is $38.27 to $39.26. 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.
- F13The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $39.29 to $39.60. 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.
- F14The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $38.34 to $39.32. 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.
- F15The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $39.34 to $39.63. 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 price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $38.34 to $39.33. 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) 9,832 restricted stock units that were granted on 02/27/2017 and will vest in three equal installments on 02/27/2018, 02/27/2019, and 02/27/2020; (b) 9,980 restricted stock units that were granted on 02/23/2016 and will vest ratably on 02/23/2018 and 02/23/2019; (c) 3,974 restricted stock units that were granted on 02/24/2015 and will vest on 02/24/2018; (d) 17,304 performance share units that were earned on 02/23/2017 and will vest ratably on 02/23/2018 and 02/23/2019; and (e) 4,655 performance share units that were earned on 02/23/2017 and will vest on 02/24/2018, each subject to the reporting person's continued employment with the issuer.
- F4The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $39.34 to $39.63. 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 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.
- F6The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $38.35 to $39.32. 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 prices of the shares sold in this transaction. The price range for this transaction is $39.38 to $39.61. 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 prices of the shares sold in this transaction. The price range for this transaction is $38.35 to $39.31. 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 prices of the shares sold in this transaction. The price range for this transaction is $39.37 to $39.56. 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.