SEC Form 4 · accession 0001209191-18-028543
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
May 7, 2018
Accepted (ET)
May 8, 2018 · 4:10 pm EDT
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 | May 7, 2018 | M | 30,000 | $5.74 | A | 323,596 | 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) | $5.74 | May 7, 2018 | M | 30,000 | D | Feb 17, 2016 | Jan 26, 2021 | Common Stock | 30,000 | 1,389,033 | D |
Explanation of responses
- F1Includes (a) 17,821 restricted stock units that were granted on 02/23/2016 and will vest on 02/23/2019; (b) 30,901 performance share units that were earned on 02/23/2017 and will vest on 02/23/2019; (c) 40,968 restricted stock units that were granted on 02/27/2017 and will vest ratably on 02/27/2019 and 02/27/2020; and (d) 60,858 restricted stock units that were granted on 03/01/2018 and will vest in three equal installments on 03/01/2019, 03/01/2020 and 03/01/2021, each subject to the reporting person's continued employment with the issuer.