SOMMERER PETER 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Aug 11, 2004
Insider Transaction Report
Form 4
SOMMERER PETER
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2004-08-10$6.71/sh+24,000$161,040→ 24,000 totalExercise: $6.71From: 2004-09-10Exp: 2014-08-10→ Common Stock (24,000 underlying)
Footnotes (1)
- [F1](1) 100% vested at grant date with the shares becoming exercisable in a series of 36 successive equal monthly installments beginning one month from the grant date.