4//SEC Filing
Harty Talbot 4
Accession 0001357228-10-000008
CIK 0000752431other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 6:10 PM ET
Size
11.0 KB
Accession
0001357228-10-000008
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.
Documents
Issuer
NETWORK EQUIPMENT TECHNOLOGIES INC
CIK 0000752431
Entity typeother
Related Parties
1- filerCIK 0001357228
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 6:10 PM ET
- Size
- 11.0 KB