SEC Form 4 · accession 0001209191-18-003249
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marvin S Edwards Jr.
Officer — President and CEO · Director
Period of report
Jan 9, 2018
Accepted (ET)
Jan 11, 2018 · 4:08 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 | Jan 9, 2018 | M | 50,000 | $8.55 | A | 327,034 | D | |
| Common StockF3,F2 | Jan 9, 2018 | S | 50,000 | $38.6633 | D | 277,034 | 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) | $8.55 | Jan 9, 2018 | M | 50,000 | D | Jan 14, 2011 | Jan 20, 2020 | Common Stock | 50,000 | 109,147 | 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 3, 2017.
- F2As previously reported, includes (a) 35,641 restricted stock units that were granted on 02/23/2016 and will vest ratably on 02/23/2018 and 02/23/2019; (b) 13,510 restricted stock units that were granted on 02/24/2015 and will vest on 02/24/2018; (c) 61,801 performance share units that were earned on 02/23/2017 and will vest ratably on 02/23/2018 and 02/23/2019; (d) 15,827 performance share units that were earned on 02/24/2017 and will vest on 02/24/2018; and (e) 61,452 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; 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 $38.39 to $38.95. 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.