Gallagher Walter Stanley Jr 4
4 · AVIAT NETWORKS, INC. · Filed Apr 14, 2020
Insider Transaction Report
Form 4
Gallagher Walter Stanley Jr
Director
Transactions
- Disposition to Issuer
Common Stock
2020-04-03−7,637→ 9,850 total - Tax Payment
Common Stock
2020-04-13$8.40/sh−1,042$8,753→ 17,487 total
Footnotes (2)
- [F1]The issuance is being made in connection with his termination of employment and pursuant to an employee incentive plan. Represents shares withheld solely to cover taxes on the vesting of a restricted stock unit.
- [F2]A) 2,652 shares represent cancelled shares due to termination and are from the Performance RSU granted 09/20/2019 for 3,544 shares. 892 shares released on 04/13/2020 and the remaining 2,652 shares cancelled. B)2,941 shares represent cancelled shares due to termination and are from the Performance RSU granted 09/07/2018 for 4,412 shares. The first tranche of 1,471 shares did not meet the performance goal. The remaining 2,941 shares cancelled. C)2,044 shares represent cancelled shares due to termination and are from RSU granted 06/25/2018 for 5,000 shares. 2,044 shares were cancelled and the remaining 2,956 shares will release prior to 04/03/2021.