SEC Form 4 · accession 0001209191-15-040773
CRAY INC · CRAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter J Ungaro
Officer — President & CEO · Director
Period of report
May 6, 2015
Accepted (ET)
May 8, 2015 · 6:52 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 Units (RSU)F1,F2 | — | May 6, 2015 | A | 30,000 | A | — | — | Common Stock | 30,000 | 30,000 | D |
| Stock Option (right to buy)F3 | $27.83 | May 6, 2015 | A | 30,000 | A | — | May 6, 2025 | Common Stock | 30,000 | 30,000 | 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 6, 2016, May 6, 2017, May 6, 2018 and May 6, 2019, subject to the reporting person's provision of service to the issuer on each vesting date.
- F3One-quarter of these shares vest on May 6, 2016 and 1/48th of these shares vest monthly thereafter, with 100% of the total shares vested and exercisable on May 6, 2019, subject to the reporting person's provision of service to the issuer on each vesting date.