WOLF HANS 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Aug 14, 2003
Insider Transaction Report
Form 4
WOLF HANS
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2003-08-12$8.34/sh+8,000$66,720→ 8,000 totalExercise: $8.34From: 2004-08-12Exp: 2013-08-12→ Common Stock (8,000 underlying)
Footnotes (1)
- [F1](1) 100% vested at grant date with 33 1/3% of the shares becoming exercisable upon the expiration of 12 months fron the grant date. The shares shall continue to become exercisable in a series of 24-successive equal monthly installments beginning 13 months from the grant date and continuing through and until the 36-month following the grant date.