4//SEC Filing
SONUS NETWORKS INC 4
Accession 0001221115-16-000017
CIK 0001105472operating
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 4:12 PM ET
Size
7.7 KB
Accession
0001221115-16-000017
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2016-04-01+56,250→ 189,411 total - Award
Performance-Based Restricted Stock Units (PSUs)
2016-04-01+18,750→ 18,750 total→ Common Stock (18,750 underlying)
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 April 1, 2017 and the remaining two-thirds of the shares shall vest in four equal increments semi-annually thereafter through April 1, 2019.
- [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 200% of the target number of shares reported in columns 7 and 9 of this report.
- [F3]Between zero (0) and 200% of one-third of the PSUs will vest, if at all, on each of April 1, 2017, April 1, 2018 and April 1, 2019.
Documents
Issuer
SONUS NETWORKS INC
CIK 0001105472
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001105472
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 4:12 PM ET
- Size
- 7.7 KB