SEC Form 4 · accession 0001140361-16-080660
CISCO SYSTEMS, INC. · CSCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D Chandler
Officer — SVP, LglSrvs & General Counsel
Period of report
Sep 21, 2016
Accepted (ET)
Sep 23, 2016 · 7:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000858877
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 21, 2016 | A | 56,500 | $0.00 | A | 286,628 | D | |
| Common Stock | Sep 23, 2016 | G | 62,910 | $0.00 | D | 223,718 | D | |
| Common Stock | Sep 23, 2016 | G | 62,910 | $0.00 | A | 113,237 | I | By Mark Chandler Trust |
| Common StockF3 | Sep 23, 2016 | S | 62,910 | $31.396 | D | 50,327 | I | By Mark Chandler Trust |
| Common StockF4 | holding | — | — | — | 400 | I | By spouse | |
| Common StockF4 | holding | — | — | — | 600 | I | By Trust #1 | |
| Common StockF4 | holding | — | — | — | 500 | I | By Trust #2 | |
| Common StockF4 | holding | — | — | — | 300 | I | By Trust #3 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a restricted stock unit award that vests in four (4) successive equal annual installments, with the first twenty-five percent (25%) of the shares vesting on November 20, 2017. Twenty-five percent (25%) of any vested shares underlying the restricted stock unit award will settle upon the reporting person's "separation from service" to Cisco within the meaning of Code Section 409A of the Internal Revenue Code.
- F2This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on June 23, 2016.
- F3Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $31.32 to $31.77. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- F4The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.