SEC Form 4 · accession 0001209191-17-017521

Vistance Networks, Inc. · VISN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Mark A Olson

Officer — EVP and CFO

Period of report

Mar 1, 2017

Accepted (ET)

Mar 3, 2017 · 4:22 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
Common Stock^F2	Mar 1, 2017	M	14,302	$5.74	A	85,172	D
Common Stock^F2	Mar 1, 2017	M	15,698	$5.57	A	100,870	D
Common Stock^F3,F2	Mar 1, 2017	S	27,300	$38.9955	D	73,570	D
Common Stock^F4,F2	Mar 1, 2017	S	2,700	$39.4581	D	70,870	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)	$5.74	Mar 1, 2017	M	14,302	D	Feb 17, 2016	Jan 26, 2021	Common Stock	14,302	8,141	D
Common Stock (Right to Buy)	$5.57	Mar 1, 2017	M	15,698	D	Feb 17, 2016	Feb 21, 2021	Common Stock	15,698	0	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 28, 2016.
F2As previously reported, includes (a) 13,168 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) 10,692 restricted stock units that were granted on 02/23/2016 and will vest ratably on 02/23/2018 and 02/23/2019; (c) 3,613 restricted stock units that were granted on 02/24/2015 and will vest on 02/24/2018; (d) 18,540 performance share units that were earned on 02/23/2017 and will vest ratably on 02/23/2018 and 02/23/2019; and (e) 4,233 performance share units that were earned on 02/24/2017 and will vest on 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 $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.
F4The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $39.37 to $39.67. 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.