4//SEC Filing
Kennedy Bryan 4
Accession 0001482244-12-000002
CIK 0001111632other
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 8:02 PM ET
Size
9.0 KB
Accession
0001482244-12-000002
Insider Transaction Report
Form 4
Kennedy Bryan
VP of Business Development
Transactions
- Exercise/Conversion
Common Stock
2012-06-01+50,000→ 168,240 total - Disposition to Issuer
Common Stock
2012-06-04$0.24/sh−28,412$6,810→ 139,828 total - Exercise/Conversion
Restricted Stock Units (RSUs)
2012-06-01−50,000→ 200,000 totalFrom: 2012-06-01→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Restricted Stock Units (RSUs) were granted pursuant to Avistar Communications Corporation 2009 Incentive Equity Plan. Each RSU represents a contingent right to receive one share of Avistar's common stock. The RSUs vest at 50% on June 1, 2012 and then 100% on June 1, 2013. Change of Control provision triggers 100% vesting. This transaction represents the settlement of restricted stock units that vested on June 1, 2012 in shares of common stock.
- [F2]All the shares sold were acquired as part of the RSU vested on June 1, 2012. The reported sale price is a weighted average sale price that represents the sale of these shares of Common Stock at prices ranging from $0.20 to $0.26 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
Documents
Issuer
AVISTAR COMMUNICATIONS CORP
CIK 0001111632
Entity typeother
Related Parties
1- filerCIK 0001482244
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 8:02 PM ET
- Size
- 9.0 KB