SEC Form 4 · accession 0001209191-16-122719
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 19, 2016
Accepted (ET)
May 23, 2016 · 5:43 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 19, 2016 | A | 8,000 | A | — | — | Common Stock | 8,000 | 8,000 | D |
| Stock Option (right to buy)F3 | $31.45 | May 19, 2016 | A | 8,000 | A | — | May 19, 2026 | 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.
- F2One-quarter of these shares vest on each of May 19, 2017, May 19, 2018, May 19, 2019 and May 19, 2020, subject to the reporting person's provision of service to the issuer on each vesting date.
- F3One-quarter of these shares vest on May 19, 2017 and 1/48th of these shares vest monthly thereafter, with 100% of the total shares vested and exercisable on May 19, 2020, subject to the reporting person's provision of service to the issuer on each vesting date.