Thomas Cancro - 01 Jul 2021 Form 4 Insider Report for DZS INC. (DZSIQ)

Role
Chief Financial Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol
DZSIQ
Transactions as of
01 Jul 2021
Net transactions value
$0
Form type
4
Filing time
06 Jul 2021, 12:39:47 UTC
Next filing
04 Mar 2022
SEC
View on sec.gov

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 DZSI Restricted Stock Units Award $0 +20,000 $0.000000 20,000 01 Jul 2021 Common Stock 20,000 Direct F1
transaction DZSI Stock Option (Right to Buy) Award +10,000 10,000 01 Jul 2021 Common Stock 10,000 $20.90 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest in four equal installments on July 1, 2022, 2023, 2024 and 2025, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
F2 These options were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest over a four year vesting schedule as follows: 25% of the options will vest on July 1, 2022 and the remainder will vest in 36 equal monthly installments thereafter subject to the reporting person's continued employment with the issuer on each vesting date.