NETWORK EQUIPMENT TECHNOLOGIES INC 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed May 31, 2007
Insider Transaction Report
Form 4
LAU GARY L
EXC.124.SR VP - SALES
Transactions
- Sale
Common Stock
2007-05-30$10.50/sh−20,000$210,026→ 8,388 total - Sale
Common Stock
2007-05-30$10.60/sh−18,210$193,026→ 8,388 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2007-05-30−20,000→ 18,210 totalExercise: $5.30Exp: 2012-01-15→ Common Stock (20,000 underlying) - Exercise/Conversion
Common Stock
2007-05-30$5.30/sh+18,210$96,513→ 26,598 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2007-05-30−18,210→ 0 totalExercise: $5.30Exp: 2012-01-15→ Common Stock (18,210 underlying) - Exercise/Conversion
Common Stock
2007-05-30$5.30/sh+20,000$106,000→ 28,388 total
Footnotes (1)
- [F1]25% of total shares granted vests one year from grant date; thereafter in a series of 36 successive equal monthly installments.