SEC Form 4 · accession 0001209191-18-012411

Vistance Networks, Inc. · VISN

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

Reporting owner

Officer — SVP, Corporate Finance

Period of report

Feb 21, 2018

Accepted (ET)

Feb 22, 2018 · 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	Nature of ownership
Common Stock^F1	Feb 21, 2018	M	10,000	$5.74	A	35,739	D
Common Stock^F2,F1	Feb 21, 2018	S	10,000	$39.0216	D	25,739	D

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	Feb 21, 2018	M	10,000	D	Feb 17, 2016	Jan 26, 2021	Common Stock	10,000	14,912	D

F1As previously reported, includes (a) 3,511 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) 3,898 restricted stock units that were granted on 02/23/2016 and will vest ratably on 02/23/2018 and 02/23/2019; (c) 1,174 restricted stock units that were granted on 02/24/2015 and will vest on 02/24/2018; (d) 6,759 performance share units that were earned on 02/23/2017 and will vest ratably on 02/23/2018 and 02/23/2019; and (e) 1,375 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.
F2The price shown is the weighted average price of the shares sold in this transaction. The price range for this transaction is $39.00 to $39.12. 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.