LE FRANCOIS P 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Feb 7, 2011
Insider Transaction Report
Form 4
LE FRANCOIS P
Vice President, Sales
Transactions
- Award
Common Stock
2011-02-07+1,250→ 18,295 total - Disposition to Issuer
Common Stock
2011-02-07$4.00/sh−521$2,084→ 17,774 total
Footnotes (2)
- [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 February 7, 2011. Vested shares will be delivered to the reporting person on the vesting date.
- [F2]Represents shares of common stock withheld for tax purposes upon the vesting of restricted stock units.