Sarah E. Hlavinka - May 28, 2021 Form 4 Insider Report for ITRON, INC. (ITRI)

Role
SVP. Gen. Counsel & Corp. Sec
Signature
/s/ Sarah E. Hlavinka
Stock symbol
ITRI
Transactions as of
May 28, 2021
Transactions value $
-$32,694
Form type
4
Date filed
6/1/2021, 07:21 PM
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITRI Common Stock Options Exercise $200K +3.02K +17.2% $66.30 20.5K May 28, 2021 Direct F1
transaction ITRI Common Stock Tax liability -$200K -2.07K -10.05% $96.88 18.5K May 28, 2021 Direct F1
transaction ITRI Common Stock Options Exercise $189K +2.85K +15.42% $66.30 21.3K May 28, 2021 Direct F2
transaction ITRI Common Stock Sale -$222K -2.3K -10.8% $96.16 19K May 28, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ITRI Stock Option (Right to Buy) Options Exercise $0 -3.02K -66.67% $0.00 1.51K May 28, 2021 Common Stock 3.02K $66.30 Direct F1, F3
transaction ITRI Stock Option (Right to Buy) Options Exercise $0 -2.85K -66.65% $0.00 1.43K May 28, 2021 Common Stock 2.85K $66.30 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise of a stock option for a total of 3,016 shares by means of a stock swap pursuant to a Rule 10b5-1 Trading Plan entered into previously. A stock swap is a method of exercising a stock option in which the option holder attests to the ownership of enough shares of stock already owned by the option holder to cover the exercise price of the option being exercised. As a result of this stock swap, the reporting person acquired ownership of an additional 951 shares of common stock. As a result of this transaction, 2,065 shares were withheld to cover the exercise price of the exercised options.
F2 Represents the exercise of a stock option for a total of 2,850 shares pursuant to a Rule 10b5-1 Trading Plan entered into previously. As a result of this exercise, the reporting person acquired ownership of an additional 546 shares of common stock. As a result of this transaction, 2,304 shares were sold to cover the exercise price and pay withholding taxes to the respective government agencies.
F3 Grant has a graded vesting schedule and date exercisable will vary for each vesting tranche, as previously reported.