LE FRANCOIS P 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Nov 5, 2010
Insider Transaction Report
Form 4
LE FRANCOIS P
Vice President, Sales
Transactions
- Award
Common Stock
2010-11-03+1,572→ 17,621 total - Disposition to Issuer
Common Stock
2010-11-05$3.45/sh−576$1,987→ 17,045 total
Footnotes (3)
- [F1]Restricted Stock Units granted pursuant to Issuer's 2008 Equity Incentive Plan. 100% of the shares subject to the Restricted Stock Units will vest on November 5, 2010. Vested shares will be delivered to the reporting person on the vesting date.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of NWK common stock.
- [F3]Represents shares of common stock withheld for tax purposes upon the vesting of restricted stock units.