4//SEC Filing
RADISYS CORP 4
Accession 0000873044-17-000013
CIK 0000873044operating
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 4:42 PM ET
Size
12.0 KB
Accession
0000873044-17-000013
Insider Transaction Report
Form 4
RADISYS CORPRSYS
Bronson Brian
Chief Financial Officer
Transactions
- Award
Common Stock
2017-02-13+82,500→ 495,662 total - Tax Payment
Common Stock
2017-02-13$3.90/sh−30,777$120,030→ 464,885 total - Sale
Common Stock
2017-02-13$3.90/sh−52,866$206,399→ 412,019 total - Sale
Common Stock
2017-02-14$3.87/sh−67,134$259,708→ 344,885 total
Holdings
- 12,431(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]Performance restricted stock units were granted on March 28, 2016 under the 2007 Stock Plan. Performance conditions relating to Tranche 1 of such performance restricted stock units were determined satisfied on February 13, 2017 and Tranche 1 of the performance restricted stock units vested on February 13, 2017. For each restricted stock unit that vested, one share of Common Stock was automatically delivered to the reporting person .
- [F2]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 peformance-based restricted stock units.
- [F3]The shares with respect to this transaction were sold at prices ranging from $3.90 to $3.95 per share, which were sold for tax purposes and financial planning. Following the sale, Mr. Bronson remains in compliance with the ownership threshold of 300,000 shares or 3 times his annual base salary under Radisys' stock ownership guidelines and will continue to hold 424,450 shares after the transactions reported herein, including 12,431 shares held in the Company's 401(k) plan. Mr. Bronson also holds 1,204,880 outstanding options as well as 82,500 unvested performance RSU tied to the Company's revenue growth targets in 2017, which do not count toward the threshold under Radisys' stock ownership guidelines. The price shown is a weighted average sale price for shares sold in multiple transactions. Mr. Bronson will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- [F4]The shares with respect to this transaction were sold at prices ranging from $3.85 to $3.90 per share, which were sold for tax purposes and financial planning. Following the sale, Mr. Bronson remains in compliance with the ownership threshold of 300,000 shares or 3 times his annual base salary under Radisys' stock ownership guidelines and will continue to hold 357,316 shares after the transactions reported herein, including 12,431 shares held in the Company's 401(k) plan. Mr. Bronson also holds 1,204,880 outstanding options as well as 82,500 unvested performance RSU tied to the Company's revenue growth targets in 2017, which do not count toward the threshold under Radisys' stock ownership guidelines. The price shown is a weighted average sale price for shares sold in multiple transactions. Mr. Bronson will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
Documents
Issuer
RADISYS CORP
CIK 0000873044
Entity typeoperating
IncorporatedOR
Related Parties
1- filerCIK 0000873044
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 4:42 PM ET
- Size
- 12.0 KB