SEC Form 4 · accession 0000949158-19-000032
CRAY INC · CRAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Charles Piraino
Officer — SVP Admin, GC & Corp Sec
Period of report
Feb 21, 2019
Accepted (ET)
Feb 21, 2019 · 6:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000949158
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 21, 2019 | M | 15,000 | $8.33 | A | 63,230 | D | |
| Common Stock | Feb 21, 2019 | M | 10,000 | $5.47 | A | 73,230 | D | |
| Common StockF2 | Feb 21, 2019 | S | 25,000 | $22.1986 | D | 48,230 | D | |
| Common Stock | holding | — | — | — | 575 | I | By 401(k) plan |
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)F3 | $8.33 | Feb 21, 2019 | M | 15,000 | D | — | Oct 1, 2019 | Common Stock | 15,000 | 0 | D |
| Stock option (right to buy)F4 | $5.47 | Feb 21, 2019 | M | 10,000 | D | — | May 12, 2020 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1The sales reported were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
- F2The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.96 to $22.64 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3The option was 100% vested and exercisable on October 1, 2013.
- F4The option was 100% vested and exercisable on May 12, 2014.