PETE A. SMITH - 31 Dec 2022 Form 4 Insider Report for AVIAT NETWORKS, INC. (AVNW)

Role
President and CEO
Signature
/s/ Chris Wong, Director of Accounting and POA
Issuer symbol
AVNW
Transactions as of
31 Dec 2022
Net transactions value
-$368,198
Form type
4
Filing time
04 Jan 2023, 17:32:16 UTC
Previous filing
06 Sep 2022
Next filing
15 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVNW Common Stock Award $0 +30,000 +17% $0.000000 203,723 31 Dec 2022 Direct F1
transaction AVNW Common Stock Tax liability $368,198 -11,805 -5.8% $31.19 191,918 31 Dec 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance measure - closing stock price is greater than or equal to $50.00 per share for three consecutive days by December 31, 2022. Once performance measure is achieved the award vested on December 31, 2022. As previously reported on 1/20/2021, 15,000 shares were originally granted. These shares were adjusted to 30,000 shares by the April 7, 2021, 2 for 1 Stock dividend.
F2 Tax withholding obligation due to the vesting of previously reported Performance Restricted Stock Units.