SEC Form 4 · accession 0000873044-15-000034
RADISYS CORP · RSYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grant Henderson
Officer — VP, Marketing and Product Mgt.
Period of report
Mar 2, 2015
Accepted (ET)
Mar 3, 2015 · 5:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000873044
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitsF1,F2 | $0.00 | Mar 2, 2015 | A | 125,000 | A | Jun 30, 2015 | — | Common Stock | 125,000 | 125,000 | D |
Explanation of responses
- F1Performance RSUs will vest only if specified total shareholder return objectives are achieved during a performance period that will begin on 3/2/2015. Tranche 1 will represent 50% of the total award and will vest on 6/30/2015 or a performance measurement date every three months thereafter during a 3-year performance period if the 30 trading day avg. closing price of Radisys common stock is at or above $3.45 at any time prior to such performance measurement date. Tranche 2 will represent 50% of the total award and will vest on 6/30/2015 or a performance measurement date every three months thereafter during a 4-year performance period if the 30 trading day avg. closing price of Radisys common stock is at or above $4.25 at any time prior to such performance measurement date.In the event the stock price thresholds are not met before the end of the relevant performance period, the performance RSUs will not vest and the award will terminate with respect to performance RSUs that did not vest.
- F2N/A