NETWORK EQUIPMENT TECHNOLOGIES INC 4

4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Aug 24, 2012

Form 4

Period: 2012-08-24

Director

Transactions

Other
Non-Qualified Stock Option (right to buy)
2012-08-24−15,000→ 0 total
Exercise: $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 total
Exercise: $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 total
Exercise: $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 total
Exercise: $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 total
Exercise: $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

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