KRAMER HANS 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Aug 1, 2005
Insider Transaction Report
Form 4
KRAMER HANS
EXC.150.VP Product Dev
Transactions
- Other
Common Stock
2004-08-31$5.67/sh+1,283$7,274→ 5,152 total - Award
Non-Qualified Stock Option
2005-08-01+40,000→ 40,000 totalExercise: $4.69Exp: 2015-08-01→ Common Stock (40,000 underlying) - Other
Common Stock
2004-12-31$5.75/sh+1,263$7,268→ 6,435 total
Footnotes (2)
- [F1]Shares acquired from the Company's Employee Stock Purchase Program.
- [F2]One third (1/3) of the total number of shares subject to the option shall vest on March 1, 2006 and the balance shall vest monthly on a pro-rata basis over the following 24 months.