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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Restricted Stock Units | $ 0 | 03/02/2015 | A | 125,000 | 06/30/2015(1) | (2) | Common Stock | 125,000 | $ 0 | 125,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Wilson Jonathan 5435 NE DAWSON CREEK DRIVE HILLSBORO, OR 97124 |
Chief Financial Officer |
JONATHAN WILSON | 03/03/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Performance RSUs will vest only if specified total shareholder return objectives are achieved during a performance period that will begin on 3/2/2015. Tranche 1 will represent 50% of the total award and will vest on 6/30/2015 or a performance measurement date every three months thereafter during a 3-year performance period if the 30 trading day avg. closing price of Radisys common stock is at or above $3.45 at any time prior to such performance measurement date. Tranche 2 will represent 50% of the total award and will vest on 6/30/2015 or a performance measurement date every three months thereafter during a 4-year performance period if the 30 trading day avg. closing price of Radisys common stock is at or above $4.25 at any time prior to such performance measurement date.In the event the stock price thresholds are not met before the end of the relevant performance period, the performance RSUs will not vest and the award will terminate with respect to performance RSUs that did not vest. |
(2) | N/A |