Papaefstathiou Efstathios 4
4 · CRAY INC · Filed Jan 11, 2019
Insider Transaction Report
Form 4
CRAY INCCRAY
Papaefstathiou Efstathios
SVP, R&D
Transactions
- Exercise/Conversion
Common Stock
2019-01-09+9,000→ 19,902 total - Tax Payment
Common Stock
2019-01-09$22.40/sh−3,618$81,043→ 16,284 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2019-01-09−9,000→ 18,000 total→ Common Stock (9,000 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the issuer's Common Stock.
- [F2]Represents shares of Common Stock that were withheld by the issuer to satisfy applicable withholding taxes in connection with the net settlement of the restricted stock units listed in Table II and does not represent a sale of Common Stock by the reporting person.
- [F3]Represents the per share closing price of the issuer's Common Stock on the applicable vesting date or, if there was no closing price on such date, the closing price on the trading date that was immediately prior to such vesting date.
- [F4]One-quarter of these shares vest on each of January 9, 2018, January 9, 2019, January 9, 2020 and January 9, 2021, subject to the reporting person's provision of service to the issuer on each vesting date.