SEC Form 4 · accession 0001209191-15-017410
CRAY INC · CRAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry Charles Bolding
Officer — VP, Mktg and Business Dev.
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 6:40 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 19, 2015 | M | 10,000 | $3.74 | A | 103,507 | D | |
| Common Stock | Feb 19, 2015 | M | 20,000 | $5.47 | A | 123,507 | D | |
| Common Stock | Feb 19, 2015 | M | 5,000 | $6.08 | A | 128,507 | D | |
| Common StockF2 | Feb 19, 2015 | S | 33,618 | $34.2586 | D | 94,889 | D | |
| Common StockF3 | Feb 19, 2015 | S | 1,382 | $34.8753 | D | 93,507 | D | |
| Common Stock | holding | — | — | — | 2,163 | 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)F4 | $3.74 | Feb 19, 2015 | M | 10,000 | D | — | May 13, 2019 | Common Stock | 10,000 | 0 | D |
| Stock Option (right to buy)F5 | $5.47 | Feb 19, 2015 | M | 20,000 | D | — | May 12, 2020 | Common Stock | 20,000 | 0 | D |
| Stock Option (right to buy)F6 | $6.08 | Feb 19, 2015 | M | 5,000 | D | — | Nov 16, 2021 | Common Stock | 5,000 | 40,000 | D |
Explanation of responses
- F1The sales reported on this Form 4 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 $33.74 to $34.73 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 (2).
- F3The reported price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.77 to $34.94 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 (3).
- F4This option was fully vested and exercisable as of May 13, 2013.
- F5This option was fully vested and exercisable on May 12, 2014.
- F6Twenty-five percent of the options vested on August 3, 2012 and 1/48th vests monthly thereafter, with 100% vested and exercisable on August 3, 2015.