KEATING C NICHOLAS JR 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Feb 7, 2011
Insider Transaction Report
Form 4
KEATING C NICHOLAS JR
Director
Transactions
- Award
Common Stock
[F1]2011-02-07+3,891→ 74,672 total - Disposition to Issuer
Common Stock
[F2]2011-02-07$4.00/sh−1,623$6,492→ 73,049 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.
Signature
By: Michael McKay For: C. Nicholas Keating Jr.|2011-02-07