Wagenseller David 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Feb 7, 2011
Insider Transaction Report
Form 4
Wagenseller David
Acting CFO
Transactions
- Disposition to Issuer
Common Stock
2011-02-05$4.00/sh−17$68→ 45,926 total - Disposition to Issuer
Common Stock
2011-02-05$4.00/sh−41$164→ 45,870 total - Award
Common Stock
2011-02-07+1,406→ 46,474 total - Disposition to Issuer
Common Stock
2011-02-05$4.00/sh−15$60→ 45,911 total - Disposition to Issuer
Common Stock
2011-02-05$4.00/sh−802$3,208→ 45,068 total - Disposition to Issuer
Common Stock
2011-02-07$4.00/sh−586$2,344→ 45,888 total
Footnotes (3)
- [F1]Shares represent the tax liability for the release of the vested portion of the restricted stock award.
- [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.
- [F3]Represents shares of common stock withheld for tax purposes upon the vesting of restricted stock units.