SEC Form 4 · accession 0001209191-16-137801
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
Aug 16, 2016
Accepted (ET)
Aug 18, 2016 · 5:23 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 Stock | Aug 16, 2016 | M | 15,000 | $8.33 | A | 63,937 | D | |
| Common StockF2 | Aug 16, 2016 | S | 15,000 | $21.965 | D | 48,937 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $8.33 | Aug 16, 2016 | M | 15,000 | D | — | Oct 1, 2019 | Common Stock | 15,000 | 85,000 | 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 $21.92 to $22.06 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.
- F3100% of the grant amount was vested and exercisable on October 1, 2013.