Form Type: 4

SEC EDGAR Link
Accession Number:0000899243-22-017667
Date:2022-05-09
Issuer: CASA SYSTEMS INC (CASA)
Original Submission Date:

Reporting Person:

DURKIN EDWARD
C/O CASA SYSTEMS, INC.
100 OLD RIVER ROAD ANDOVER, MA 01810

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
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
Footnotes
IDfootnote
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.
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