4//SEC Filing
LE FRANCOIS P 4
Accession 0001454494-10-000010
CIK 0000752431other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 6:31 PM ET
Size
10.9 KB
Accession
0001454494-10-000010
Insider Transaction Report
Form 4
LE FRANCOIS P
Vice President, Sales
Transactions
- Award
Common Stock
2010-05-11+1,020→ 15,438 total - Award
Restricted Stock Units
2010-05-10+1,020→ 1,020 total→ Common Stock (1,020 underlying) - Tax Payment
Common Stock
2010-05-11$5.12/sh−375$1,920→ 15,063 total - Award
Non-Qualified Stock Option (right to buy)
2010-05-10+40,000→ 40,000 totalExercise: $4.90Exp: 2017-05-10→ Common Stock (40,000 underlying)
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 0001454494
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 6:31 PM ET
- Size
- 10.9 KB