SEC Form 4 · accession 0001209191-17-026687

Vistance Networks, Inc. · VISN

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

Reporting owner

Frank B Wyatt II

Officer — SVP, General Counsel & Sec

Period of report

Apr 10, 2017

Accepted (ET)

Apr 12, 2017 · 4:28 pm EDT

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	Apr 10, 2017	M	125,544	$5.74	A	190,219	D
Common Stock^F3,F2	Apr 10, 2017	S	125,544	$40.6839	D	64,675	D
Common Stock^F2	Apr 11, 2017	M	130,356	$5.74	A	195,031	D
Common Stock^F4,F2	Apr 11, 2017	S	130,356	$40.5776	D	64,675	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	Apr 10, 2017	M	125,544	D	Feb 17, 2016	Jan 26, 2021	Common Stock	125,544	130,356	D
Common Stock (Right to Buy)	$5.74	Apr 11, 2017	M	130,356	D	Feb 17, 2016	Jan 26, 2021	Common Stock	130,356	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 March 9, 2017.
F2As previously reported, includes (a) 7,900 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) 6,549 restricted stock units that were granted on 02/23/2016 and will vest ratably on 02/23/2018 and 02/23/2019; (c) 2,529 restricted stock units that were granted on 02/24/2015 and will vest on 02/24/2018; (d) 11,355 performance share units that were earned on 02/23/2017 and will vest ratably on 02/23/2018 and 02/23/2019; and (e) 2,963 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 price of the shares sold in this transaction. The price range for this transaction is $40.46 to $41.07. 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 price of the shares sold in this transaction. The price range for this transaction is $40.25 to $40.74. 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.