4//SEC Filing
Carte Karen 4
Accession 0000752431-12-000041
CIK 0000752431other
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 6:24 PM ET
Size
9.6 KB
Accession
0000752431-12-000041
Insider Transaction Report
Form 4
Carte Karen
Director
Transactions
- Other
Non-Qualified Stock Option (right to buy)
2012-08-24−33,000→ 0 totalExercise: $2.63From: 2012-08-24Exp: 2017-08-23→ Common Stock (33,000 underlying) - Other
Non-Qualified Stock Option (right to buy)
2012-08-24−20,000→ 0 totalExercise: $2.60From: 2012-08-24Exp: 2018-08-01→ Common Stock (20,000 underlying) - Other
Non-Qualified Stock Option (right to buy)
2012-08-24−40,000→ 0 totalExercise: $0.83From: 2012-08-24Exp: 2019-02-21→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]This option was assumed by Sonus Netowrks, Inc. in the merger completed on August 24, 2012 and will be replaced with an equivalent option (based on the exchange ratio) to purchase shares of Sonus common stock.
- [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 typeother
Related Parties
1- filerCIK 0001502988
Filing Metadata
- Form type
- 4
- Filed
- Aug 23, 8:00 PM ET
- Accepted
- Aug 24, 6:24 PM ET
- Size
- 9.6 KB