SEC Form 4 · accession 0001209191-15-040775
CRAY INC · CRAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Margaret Ann Williams
Officer — SVP, R&D
Period of report
May 6, 2015
Accepted (ET)
May 8, 2015 · 6:54 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 | 8,000 | A | — | — | Common Stock | 8,000 | 8,000 | D |
| Stock Option (right to buy)F3 | $27.83 | May 6, 2015 | A | 8,000 | A | — | May 6, 2025 | Common Stock | 8,000 | 8,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F2Fifty percent (50%) of the shares will vest on each of May 6, 2016 and May 6, 2017, subject to the reporting person's provision of service to the issuer on each vesting date.
- F3Fifty percent (50%) of these shares will vest on each of May 6, 2016 and May 6, 2017, with 100% of the total shares vested and exercisable on May 6, 2017, subject to the reporting person's provision of service to the issuer on each vesting date.