SEC Form 4 · accession 0001209191-17-003390
CRAY INC · CRAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Efstathios Papaefstathiou
Officer — SVP, R&D
Period of report
Jan 9, 2017
Accepted (ET)
Jan 11, 2017 · 4:41 pm EST
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 Unit (RSU)F1,F2 | — | Jan 9, 2017 | A | 36,000 | A | — | — | Common Stock | 36,000 | 36,000 | D |
| Restricted Stock Unit (RSU)F1,F3 | — | Jan 9, 2017 | A | 26,000 | A | — | — | Common Stock | 26,000 | 26,000 | 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 January 9, 2018, January 9, 2019, January 9, 2020 and January 9, 2021, subject to the reporting person's provision of service to the issuer on each vesting date.
- F3All or a portion of these shares vest if and when certain performance criteria relating to the issuer are met, subject to the reporting person's provision of service to the issuer on the applicable vesting date.