SEC Form 4 · accession 0001209191-18-012376
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen C Gray
Director
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 4:16 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 StockF1 | Feb 20, 2018 | M | 28,575 | $5.74 | A | 42,639 | D | |
| Common StockF2,F1 | Feb 20, 2018 | S | 28,575 | $38.9622 | D | 14,064 | 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)F3 | $5.74 | Feb 20, 2018 | M | 28,575 | D | Jan 14, 2016 | Jan 26, 2021 | Common Stock | 28,575 | 0 | D |
Explanation of responses
- F1As previously reported, includes 4,470 restricted stock units granted pursuant to the issuer's non-employee director compensation plan, which vest on May 5, 2018, subject to the director's continued membership on the Board of Directors on such date.
- F2The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $38.90 to $39.01. 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.
- F3The stock options fully vested following the sale of shares by The Carlyle Group in June 2015, which constituted a "Liquidity Event" for purposes of these options