4//SEC Filing
Fitzpatrick James Thomas 4
Accession 0000752431-12-000043
CIK 0000752431other
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 6:25 PM ET
Size
13.5 KB
Accession
0000752431-12-000043
Insider Transaction Report
Form 4
Fitzpatrick James Thomas
Vice President
Transactions
- 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: $4.90From: 2012-08-24Exp: 2017-05-10→ Common Stock (40,000 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) - Other
Common Stock
2012-08-24$1.35/sh−3,666$4,949→ 0 total - Other
Non-Qualified Stock Option (right to buy)
2012-08-24−100,000→ 0 totalExercise: $3.69From: 2012-08-24Exp: 2016-05-18→ Common Stock (100,000 underlying)
Footnotes (3)
- [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]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.
- [F3]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 0001462748
Filing Metadata
- Form type
- 4
- Filed
- Aug 23, 8:00 PM ET
- Accepted
- Aug 24, 6:25 PM ET
- Size
- 13.5 KB