4//SEC Filing
NETWORK EQUIPMENT TECHNOLOGIES INC 4
Accession 0000752431-12-000038
CIK 0000752431operating
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 6:23 PM ET
Size
16.7 KB
Accession
0000752431-12-000038
Insider Transaction Report
Form 4
DOLL DIXON
Director
Transactions
- Other
Non-Qualified Stock Option (right to buy)
2012-08-24−15,000→ 0 totalExercise: $3.30From: 2012-08-24Exp: 2018-08-08→ Common Stock (15,000 underlying) - Other
Common Stock
2012-08-24$1.35/sh−185,797$250,826→ 0 total - Other
Non-Qualified Stock Option (right to buy)
2012-08-24−46,000→ 0 totalExercise: $4.70From: 2012-08-24Exp: 2015-08-09→ Common Stock (46,000 underlying) - Other
Common Stock
2012-08-24$1.35/sh−4,800$6,480→ 0 total(indirect: By Trust) - Other
Non-Qualified Stock Option (right to buy)
2012-08-24−12,000→ 0 totalExercise: $8.34From: 2012-08-24Exp: 2013-08-12→ Common Stock (12,000 underlying) - Other
Non-Qualified Stock Option (right to buy)
2012-08-24−15,000→ 0 totalExercise: $9.67From: 2012-08-24Exp: 2017-08-14→ Common Stock (15,000 underlying) - Other
Non-Qualified Stock Option (right to buy)
2012-08-24−24,000→ 0 totalExercise: $6.71From: 2012-08-24Exp: 2014-08-10→ Common Stock (24,000 underlying)
Footnotes (2)
- [F1]Disposed of in connection with the acquisition of Network Equipment Technology, Inc. ("NET") by Sonus Networks, Inc. ("Sonus"), completed on August 24, 2012. In connection with the merger, each outstanding share of NET common stock was exchanged for $1.35 in cash.
- [F2]Under the terms of the merger of Network Equipment Technology and Sonus Networks, Inc completed on August 24, 2012, this option became fully-vested immediately prior to the closing of the merger and then was cancelled upon the closing.
Documents
Issuer
NETWORK EQUIPMENT TECHNOLOGIES INC
CIK 0000752431
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000752431
Filing Metadata
- Form type
- 4
- Filed
- Aug 23, 8:00 PM ET
- Accepted
- Aug 24, 6:23 PM ET
- Size
- 16.7 KB