SEC Form 4 · accession 0000949158-17-000056
CRAY INC · CRAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Efstathios Papaefstathiou
Officer — SVP, R&D
Period of report
May 18, 2017
Accepted (ET)
May 22, 2017 · 5:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000949158
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU)F1,F2 | — | May 18, 2017 | A | 35,000 | A | — | — | Common Stock | 35,000 | 35,000 | D |
| Stock option (right to buy)F3 | $18.00 | May 18, 2017 | A | 35,000 | A | — | May 18, 2027 | Common Stock | 35,000 | 35,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the issuer's Common Stock.
- F2One-quarter of these shares vest on each of May 18, 2018, May 18, 2019, May 18, 2020 and May 18, 2021, subject to the reporting person's provision of service to the issuer on each vesting date.
- F3One-quarter of these shares vest on May 18, 2018 and 1/48th of these shares vest monthly thereafter, with 100% of the total shares vested and exercisable on May 18, 2021, subject to the reporting person's provision of service to the issuer on each vesting date.