SEC Form 4 · accession 0001209191-16-118899
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
May 6, 2016
Accepted (ET)
May 10, 2016 · 5:31 pm EDT
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 StockF1 | May 6, 2016 | M | 2,500 | — | A | 54,588 | D | |
| Common StockF2 | May 6, 2016 | F | 934 | $32.51 | D | 53,654 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | May 6, 2016 | M | 2,500 | D | — | — | Common Stock | 2,500 | 7,500 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the issuer's Common Stock.
- F2Represents shares of Common Stock that were withheld by the issuer to satisfy applicable income tax withholding obligations in connection with the net settlement of the restricted stock units listed in Table II and does not represent a sale of Common Stock by the reporting person.
- F3On May 6, 2015, the reporting person was granted 10,000 restricted stock units, with one quarter vesting 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.