SONUS NETWORKS INC 4
4 · SONUS NETWORKS INC · Filed Mar 17, 2015
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.