4//SEC Filing
Xie Lucy 4
Accession 0000899243-22-000647
CIK 0001333835other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 9:11 PM ET
Size
18.6 KB
Accession
0000899243-22-000647
Insider Transaction Report
Form 4
Casa Systems IncCASA
Xie Lucy
DirectorSVP of Operations
Transactions
- Exercise/Conversion
Common Stock
2022-01-01+6,962→ 2,095,819 total - Exercise/Conversion
Common Stock
2022-01-01+31,567→ 2,127,386 total - Tax Payment
Common Stock
2022-01-01$5.67/sh−19,631$111,308→ 2,131,721 total - Exercise/Conversion
Restricted Stock Units
2022-01-01−31,567→ 31,570 total→ Common Stock (31,567 underlying) - Exercise/Conversion
Common Stock
2022-01-01+23,966→ 2,151,352 total - Exercise/Conversion
Restricted Stock Units
2022-01-01−6,962→ 0 total→ Common Stock (6,962 underlying) - Exercise/Conversion
Restricted Stock Units
2022-01-01−23,966→ 143,802 total→ Common Stock (23,966 underlying)
Footnotes (7)
- [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 27,842 shares underlying the award having vested on January 1, 2019, 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 scheduled to vest over four years, with 25% of the 126,271 shares underlying the award having vested 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.
- [F6]These RSUs are subject to both time and performance-based vesting: (i) 95,867 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) 71,901 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,
- [F7](Continued from Footnote 6) 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, in each case, measured over the three-year period beginning on January 1, 2021 and ending on January 1, 2024, 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 0001723967
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 9:11 PM ET
- Size
- 18.6 KB