RADISYS CORP 4
4 · RADISYS CORP · Filed Jul 26, 2016
Insider Transaction Report
Form 4
RADISYS CORPRSYS
Bronson Brian
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2016-07-22+450,000→ 629,475 total - Tax Payment
Common Stock
2016-07-22$5.21/sh−216,313$1,126,991→ 413,162 total - Exercise/Conversion
Performance Restricted Stock Units
2016-07-22−450,000→ 0 totalExercise: $0.00From: 2015-06-30→ Common Stock (450,000 underlying)
Holdings
- 12,431(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]The disposition of directly held shares reported on this form solely represents shares surrendered back to the company as payment of taxes on the vesting of restricted stock.
- [F2]On March 2, 2015, the reporting person was granted performance restricted stock units, vesting only if specified total shareholder return objectives are achieved. On July 22, 2016, Tranche 1, representing 50% of the total award, vested due to the certification of the achievement of a 30 trading day average closing price of Radisys common stock at or above $3.45 prior to June 30, 2016. Also on July 22, 2016, Tranche 2, representing 50% of the total award, vested due to the certification of the achievement of a 30 trading day average closing price of Radisys common stock at or above $4.25 prior to June 30, 2016. One share of Common Stock was delivered to the reporting person for each restricted stock unit that vests.
- [F3]N/A