Harty Talbot 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed May 11, 2010
Insider Transaction Report
Form 4
Harty Talbot
Chief Technology Officer
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2010-05-10+60,000→ 60,000 totalExercise: $4.90Exp: 2017-05-10→ Common Stock (60,000 underlying) - Award
Restricted Stock Units
2010-05-10+1,454→ 1,454 total→ Common Stock (1,454 underlying) - Award
Common Stock
2010-05-11+1,454→ 15,591 total - Tax Payment
Common Stock
2010-05-11$5.12/sh−625$3,200→ 14,966 total
Footnotes (4)
- [F1]Upon vesting, each restricted stock unit was converted into an equivalent number of shares of NWK common stock.
- [F2]Represents shares of common stock withheld for tax purposes upon the vesting of restricted stock units.
- [F3]25% of total shares granted vests one year from grant date, thereafter in a series of 36 successive equal monthly installments
- [F4]Restricted Stock Units granted pursuant to Issuer's 2008 Equity Incentive Plan. 100% of the shares subject to the Restricted Stock Units will vest on May 11, 2010. Vested shares will be delivered to the reporting person on the vesting date.