4 1 form4february03.txt FORM 4 - FEBRUARY 17, 2003 ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response.........0.5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |_| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print of Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Cotton Julie -------------------------------------------------------------------------------- (Last) (First) (Middle) 39745 Eureka Drive -------------------------------------------------------------------------------- (Street) Newark CA 94560 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol VINA Technologies, Inc. (VINA) ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) ________________________________________________________________________________ 4. Statement for Month/Day/Year 02/17/03 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) |_| Director |_| 10% Owner |X| Officer (give title below) |_| Other (specify below) Vice President, Human Resources --------------------------------------------------------------- ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable line) |X| Form Filed by One Reporting Person |_| Form Filed by More than One Reporting Person ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

~~FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E~~5.~~G.,~~ ~~PUTS,~~Amount ~~CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title~~ of ~~Derivative 2~~6. ~~Conver- 3. Trans-~~ 4. ~~Trans~~Securities Owner- 5.Securities ~~Number~~Acquired of(A) 6.or ~~Date~~Beneficially ~~Exer-~~ship 72A. ~~Title and Amount 8~~3. ~~Price~~Disposed ~~Security sion or action action Derivative cisable and~~ of ~~Underlying of~~ (~~Instr. 3~~D) ~~Exercise~~Owned ~~Date~~Form: ~~Code~~7. ~~Securities Expiration Securities Deriv- Price of (Month/ (Instr~~2. ~~Acquired~~Deemed ~~(A)~~Transaction ~~Date~~ (Instr. 3, ~~and~~ 4) ~~ative~~and ~~Deriv- Day/ 8~~5) orFollowing ~~Disposed~~Direct ~~(Month/Day/~~Nature ~~Security ative Year)~~ of ~~(D)~~Trans- ~~(Instr.~~Execution ~~Year)~~Code ~~(Instr. 5) Security 3, 4, and 5)~~ -------------------------------~~----~~ ~~Date~~Reported ~~Expira-~~(D) ~~Amount~~ or ~~--------------------------~~Indirect ~~Exer-~~1. ~~tion~~action ~~Title~~Date, ~~Number~~if of(Instr. ~~Code~~8) V (A) Transaction(Ds) ~~cisable~~Indirect Beneficial Title of Security Date ~~Shares~~any ------------~~------------------------------------------------------------------------------------------------------------------------~~ ~~Convertible~~or ~~Common~~(Instr. ~~2,230,116~~3 ~~Preferred~~& ~~Stock~~(I) ~~1-for-1~~Ownership 8(Instr. 3) (mm/15dd/00yy) C(mm/dd/yy) ~~2,230,116~~Code ~~Immediate~~V ~~Stock~~Amount (1D) Price Instr.4) (Instr.4) (Instr.4) ------------------------------------------------------------------------------------------------------------------------------------ ~~Series E Convertible Common Preferred Stock 1-for-1 8/15/00 C 614~~71,~~286~~666 ~~Immediate~~D ~~Stock 614,286(2)~~ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 9. Number of 10. Ownership 11. Nature of Derivative Form of Indirect Securities Derivative Beneficial Beneficially Security: Ownership Owned at End Direct (D) (Instr. 4) of Month or Indirect (I) (Instr. 4) (Instr. 4) -------------------------------------------------------------------------- ~~0 D~~ ----------------------------------------------------------~~----------------~~ ~~By London Pacific Life 0 I & Annuity Co.~~ -------------------------------------------------------------------------- ---------------------------------------------------------- ---------------- -------------------------------------------------------------------------- ------------------------------------------ -------------------------------- -------------------------------------------------------------------------- Explanation of Responses: (1) Automatic conversion of the following shares upon initial public offering: 146,782 Series B Preferred Stock, 1,750,000 Series C Preferred Stock, and 333,334 Series D Preferred Stock. (2) Automatic conversion of Series E Preferred Stock upon initial public offering. (3) Purchased upon initial public offering. **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Ron Greene 9-11-~~00 See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).~~ ------------------------~~-------~~ ------- **Signature of Reporting Person Date Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained Page 2 in this form are not required to respond unless the form displays a currently SEC 1474 (7-96) valid OMB Number.====================================================================================================================================

FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

Explanation of Responses: (1) On February 17, 2003, the reporting person received replacement options pursuant to the Company's option exchange program - Schedule TO, as further amended, and filed with the Securities & Exchange Commission on May 8, 2002. As previously reported, on August 15, 2002, the reporting person tendered to the Company for cancellation options granted to the reporting person. /s/ Julie Cotton 2/17/03 --------------------------------------------- ----------------------- **Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Page 2

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