Fitzpatrick James Thomas 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed May 18, 2009
Insider Transaction Report
Form 4
Fitzpatrick James Thomas
Vice President
Transactions
- Award
Common Stock
2009-05-18+5,000→ 5,000 total - Award
Non-Qualified Stock Option (right to buy)
2009-05-18+100,000→ 100,000 totalExercise: $3.69Exp: 2016-05-18→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]25% of this award shall vest on May 5, August 5, November 5 and February 5, beginning with the first vesting date that is at least three months after the first day of the recipient's employment.
- [F2]25% of total shares granted vests one year from date of hire, thereafter in a series of 36 successive equal monthly installments