LE FRANCOIS P 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Feb 3, 2011
Insider Transaction Report
Form 4
LE FRANCOIS P
Vice President, Sales
Transactions
- Award
Restricted Stock Unit (RSU)
2011-02-03+1,250→ 1,250 total→ Common Stock (1,250 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of NWK common stock.
- [F2]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 February 7, 2011. Vested shares will be delivered to the reporting person on the vesting date.