SEC Form 4 · accession 0001209191-19-016653
Vistance Networks, Inc. · VISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander W Pease
Officer — EVP & CFO
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 4:54 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 | Mar 1, 2019 | F | 1,364 | $23.42 | D | 62,032 | D | |
| Common StockF2,F1 | Mar 1, 2019 | A | 3,973 | $0.00 | A | 66,005 | D | |
| Common Stock | holding | — | — | — | 75 | I | By Daughter |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 8,448 restricted stock units that were granted on 04/02/2018 and will vest ratably on 03/01/2020 and 03/01/2021, subject to the reporting person's continued employment with the issuer.
- F2On April 2, 2018, the reporting person was granted 6,336 performance share units, which number could be increased or decreased based upon the Company's satisfaction of certain performance criteria during the applicable performance period. The performance criteria were met at a level between threshold and target, resulting in a total of 3,973 performance share units earned, which will vest on 03/01/2020, subject to the reporting person's continued employment with the issuer.