Carte Karen 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Aug 24, 2012
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.