SEC Form 4 · accession 0001209191-18-013343
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank M Drendel
Director
Period of report
Feb 23, 2018
Accepted (ET)
Feb 26, 2018 · 4:20 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 23, 2018 | F | 4,110 | $38.73 | D | 2,190,665 | D | |
| Common StockF1 | Feb 24, 2018 | F | 2,586 | $38.73 | D | 2,188,079 | 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
- F1Includes (a) 4,990 restricted stock units that were granted on 02/23/2016 and will vest on 02/23/2019; (b) 8,653 performance share units that were earned on 02/23/2017 and will vest on 02/23/2019; and (c) 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, each subject to the reporting person's continued employment with the issuer.