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

Role
President and CEO
Signature
/s/ Chris Wong, Director of Accounting and POA
Stock symbol
AVNW
Transactions as of
Dec 31, 2022
Transactions value $
-$368,198
Form type
4
Date filed
1/4/2023, 05:32 PM
Previous filing
Sep 6, 2022
Next filing
May 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVNW Common Stock Award $0 +30K +17.27% $0.00 204K Dec 31, 2022 Direct F1
transaction AVNW Common Stock Tax liability -$368K -11.8K -5.79% $31.19 192K Dec 31, 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.