SEC Form 4 · accession 0001209191-17-065207
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank M Drendel
Director
Period of report
Dec 8, 2017
Accepted (ET)
Dec 12, 2017 · 4:33 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 | Dec 8, 2017 | S | 5,284 | $38.006 | D | 2,264,490 | D | |
| Common StockF4,F3 | Dec 11, 2017 | S | 54,716 | $38.0157 | D | 2,209,774 | D | |
| Common Stock | holding | — | — | — | 32,400 | I | By GRAT | |
| Common Stock | holding | — | — | — | 32,400 | I | By GRAT | |
| Common Stock | holding | — | — | — | 32,400 | I | By GRAT | |
| Common Stock | holding | — | — | — | 18,000 | I | By Family Trust | |
| Common Stock | holding | — | — | — | 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 9, 2017.
- F2The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $38.00 to $38.03. 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 02/24/2017 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 price of the shares sold in this transaction. The price range for this transaction is $38.00 to $38.10. 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.