4//SEC Filing
SONUS NETWORKS INC 4
Accession 0001490372-17-000005
CIK 0001105472operating
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 5:03 PM ET
Size
9.7 KB
Accession
0001490372-17-000005
Insider Transaction Report
Form 4
Snider Jeffrey M.
SVP, General Counsel & Secy
Transactions
- Exercise/Conversion
Common Stock
2017-03-16+3,767→ 191,103 total - Exercise/Conversion
Performance-Based Restricted Stock Units (PSUs)
2017-03-16+3,767→ 4,167 totalExercise: $0.00→ Common Stock (3,767 underlying) - Tax Payment
Common Stock
2017-03-16$6.62/sh−3,255$21,548→ 187,848 total
Footnotes (4)
- [F1]Represents the vesting (at 90.4% of target) of Performance-Based Restricted Stock Units (PSUs) granted on March 16, 2015 for the 2016 performance period. Performance for this award during the award's 2016 performance period was measured based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the NASDAQ Telecommunications Index, that were set by the Compensation Committee of the Issuer's Board of Directors.
- [F2]PAYMENT OF TAX LIABILITY BY DELIVERING SECURITIES TO THE ISSUER INCIDENT TO THE VESTING OF A SECURITY.
- [F3]The remaining PSUs will vest, if at all, on March 16, 2018.
- [F4]Amount reflects the forfeiture of (i) 4,166 PSUs of the aggregate amount granted on March 16, 2015 that failed to vest following the 2015 performance period based on the Issuer's performance for such 2015 performance period and (ii) 400 PSU's of the aggregate amount granted on March 16, 2015 that failed to vest following the 2016 performance period based on the Issuer's performance for such 2016 performance period, each as determined by the Compensation Committee of the Issuer's Board of Directors at the end of the applicable performance period. The original aggregate number of PSUs granted to the Reporting Person on March 16, 2015 was reported in Table II of Form 4 filed by the Reporting Person on March 17, 2015.
Documents
Issuer
SONUS NETWORKS INC
CIK 0001105472
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001105472
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 5:03 PM ET
- Size
- 9.7 KB