4//SEC Filing
Bruckner Scott 4
Accession 0000899243-22-000639
CIK 0001333835other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 9:08 PM ET
Size
14.4 KB
Accession
0000899243-22-000639
Insider Transaction Report
Form 4
Casa Systems IncCASA
Bruckner Scott
Interim CFO
Transactions
- Exercise/Conversion
Common Stock
2022-01-01+25,355→ 131,684 total - Exercise/Conversion
Restricted Stock Units
2022-01-01−25,355→ 101,423 total→ Common Stock (25,355 underlying) - Exercise/Conversion
Common Stock
2022-01-01+12,722→ 106,329 total - Tax Payment
Common Stock
2022-01-01$5.67/sh−18,176$103,058→ 113,508 total - Exercise/Conversion
Restricted Stock Units
2022-01-01−12,722→ 12,725 total→ Common Stock (12,722 underlying)
Footnotes (5)
- [F1]Restricted stock units ("RSUs") converted into common stock, $0.001 par value per share (the "Common Stock"), of Casa Systems, Inc. (the "Company") on a one-for-one basis upon vesting of the units.
- [F2]Shares withheld by the Company to satisfy tax withholding requirements on vesting of RSUs. No shares were sold.
- [F3]Each RSU represents the right to receive one share of Common Stock upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes.
- [F4]These RSUs are scheduled to vest over four years, with 25% of the 50,891 shares underlying the award vesting on January 1, 2020, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter. The RSUs have no expiration date.
- [F5]These RSUs are subject to both time and performance-based vesting: (i) 101,422 of the RSUs are subject to time-based vesting and are scheduled to vest over four years, with 25% of the shares underlying the award vesting on January 1, 2022, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter and (ii) 25,356 of the RSUs are subject to performance-based vesting, the conditions for which are met upon the Company's level of achievement of pre-established performance parameters, as approved by the Company's Board of Directors, related to either or both of (a) the Company's relative Total Shareholder Return ("TSR") performance against the TSR of the companies listed in the Russell 2000 Index, and (b) the absolute stock price performance of the Company's common stock, and subject to the other terms and conditions set forth in the applicable RSU agreement. The RSUs have no expiration date.
Documents
Issuer
Casa Systems Inc
CIK 0001333835
Entity typeother
Related Parties
1- filerCIK 0001802372
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 9:08 PM ET
- Size
- 14.4 KB