Accession Number: | 0000899243-22-017667 |
Date: | 2022-05-09 |
Issuer: | CASA SYSTEMS INC (CASA) |
Original Submission Date: |
DURKIN EDWARD
C/O CASA SYSTEMS, INC.
100 OLD RIVER ROAD
ANDOVER, MA 01810
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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RESTRICTED STOCK UNITS | 0.0 | 2022-05-09 | deemed execution date | A | 250,000 (a) | common stock 250,000 | $0.00 | 250,000 | direct | |||
STOCK OPTION (RIGHT TO BUY) | 3.6 | 2022-05-09 | deemed execution date | A | 100,000 (a) | 2032-05-08 | common stock 100,000 | $3.60 | 100,000 | direct |
ID | footnote |
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f1 | each restricted stock unit ("rsu") represents the right to receive one share of common stock, $0.001 par value per share (the "common stock") of casa systems, inc. (the "company") 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. |
f2 | these rsus are scheduled to vest over four years, with 25% of the shares underlying the award vesting on january 1, 2023, 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. |
f3 | twenty-five percent of the option shares shall vest and become exercisable on may 9, 2023, and 25% of the option shares shall vest and become exercisable at the end of each successive one-year period thereafter. |