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Filing Details

Accession Number:: 0000873044-17-000013
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-02-15 16:42:27
Reporting Period:: 2017-02-13

Filing Date:: 2017-02-15
Accepted Time:: 2017-02-15 16:42:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
873044	Radisys Corp	RSYS	Computer Peripheral Equipment, Nec (3577)	930945232

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1379524	Brian Bronson	5435 Ne Dawson Creek Drive Hillsboro OR 97124	Ceo & President	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2017-02-13	82,500	$0.00	495,662	No	4	A	Direct
Common Stock	Disposition	2017-02-13	30,777	$3.90	464,885	No	4	F	Direct
Common Stock	Disposition	2017-02-13	52,866	$3.90	412,019	No	4	S	Direct
Common Stock	Disposition	2017-02-14	67,134	$3.87	344,885	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	12,431	Indirect	By 401(k) Plan

Footnotes

Performance restricted stock units were granted on March 28, 2016 under the 2007 Stock Plan. Performance conditions relating to Tranche 1 of such performance restricted stock units were determined satisfied on February 13, 2017 and Tranche 1 of the performance restricted stock units vested on February 13, 2017. For each restricted stock unit that vested, one share of Common Stock was automatically delivered to the reporting person .
The disposition of directly held shares reported on this form solely represents shares surrendered back to the company as payment of taxes on the vesting of peformance-based restricted stock units.
The shares with respect to this transaction were sold at prices ranging from $3.90 to $3.95 per share, which were sold for tax purposes and financial planning. Following the sale, Mr. Bronson remains in compliance with the ownership threshold of 300,000 shares or 3 times his annual base salary under Radisys' stock ownership guidelines and will continue to hold 424,450 shares after the transactions reported herein, including 12,431 shares held in the Company's 401(k) plan. Mr. Bronson also holds 1,204,880 outstanding options as well as 82,500 unvested performance RSU tied to the Company's revenue growth targets in 2017, which do not count toward the threshold under Radisys' stock ownership guidelines. The price shown is a weighted average sale price for shares sold in multiple transactions. Mr. Bronson will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
The shares with respect to this transaction were sold at prices ranging from $3.85 to $3.90 per share, which were sold for tax purposes and financial planning. Following the sale, Mr. Bronson remains in compliance with the ownership threshold of 300,000 shares or 3 times his annual base salary under Radisys' stock ownership guidelines and will continue to hold 357,316 shares after the transactions reported herein, including 12,431 shares held in the Company's 401(k) plan. Mr. Bronson also holds 1,204,880 outstanding options as well as 82,500 unvested performance RSU tied to the Company's revenue growth targets in 2017, which do not count toward the threshold under Radisys' stock ownership guidelines. The price shown is a weighted average sale price for shares sold in multiple transactions. Mr. Bronson will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.