Cray Inc's VP Field Operations just picked up 23,000 shares


Charles A Morreale, Cray Inc's VP Field Operations, recently acquired 23,000 shares of the company. The buys took place at $0.00 per share, on July 01, 2013. Morreale now owns 143,585 shares of the company. Morreale operates out of Seattle, WA.

The above information was disclosed in a filing to the SEC. Some additional info was provided as follows:

All or a portion of these shares vest if and when certain performance criteria relating to the issuer or its subsidiary, YarcData LLC, are met, subject to the reporting person's provision of service to the issuer on each vesting date. One-quarter of these shares vest on each of July 1, 2014, July 1, 2015, July 1, 2016 and July 1, 2017, subject to the reporting person's provision of service to the issuer on each vesti ng date. One-quarter of these shares vest on July 1, 2014 and 1/48th of these shares vest monthly thereafter, with 100% of the total shares vested and exercisable on July 1, 2017, subject to the reporting person's provision of service to the issuer on each vesting date.

To see this filing in its entirety, click here

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Other recent filings from the company include the following:

Cray Inc. Reports Third Quarter 2014 Financial Results - Oct. 28, 2014

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