Pai Gurudutt U 4
4 · SONUS NETWORKS INC · Filed Feb 18, 2010
Insider Transaction Report
Form 4
Pai Gurudutt U
Senior Vice President
Transactions
- Award
Common Stock
2010-02-16+175,000→ 451,188 total - Award
Employee Stock Option (right to buy)
2010-02-16+365,000→ 365,000 totalExercise: $2.23Exp: 2020-12-16→ Common Stock (365,000 underlying)
Footnotes (2)
- [F1]These are restricted shares of Common Stock that vest, subject to continued employment, over a four-year period as follows: 25% will vest on the first anniversary of his commencement date as EVP and COO (February 8, 2010) and then, the remaining shares shall vest semi-annually thereafter.
- [F2]The option vests as to 25% of the shares one year from his commencement date as EVP and COO (February 8, 2010) and then, as to the remaining 75% of the shares, in equal monthly increments for the following 36 months.