4//SEC Filing
SONUS NETWORKS INC 4
Accession 0001221115-15-000006
CIK 0001105472operating
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 4:25 PM ET
Size
7.7 KB
Accession
0001221115-15-000006
Insider Transaction Report
Form 4
Transactions
- Award
Performance-Based Restricted Stock Units (PSUs)
2015-03-16+16,250→ 16,250 total→ Common Stock (16,250 underlying) - Award
Common Stock
2015-03-16+48,750→ 127,843 total
Footnotes (3)
- [F1]These are restricted shares of Common Stock that vest over a three-year period as follows: one-third of the shares shall vest on March 16, 2016. The remaining two-thirds of the shares shall vest in four equal increments semi-annually thereafter through March 16, 2018.
- [F2]Each PSU represents a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the NASDAQ Telecommunications Index, that were set by the Compensation Committee of the Issuer's Board of Directors. The aggregate number of shares issued may range from zero (0) shares to 120% of the target number of shares reported in columns 7 and 9 of this report.
- [F3]The PSUs will vest, if at all, on March 16, 2016, March 16, 2017 and March 16, 2018.
Documents
Issuer
SONUS NETWORKS INC
CIK 0001105472
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001105472
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 4:25 PM ET
- Size
- 7.7 KB