4//SEC Filing
Laroia Rajiv 4
Accession 0001513114-11-000004
CIK 0001105472other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 9:41 AM ET
Size
7.9 KB
Accession
0001513114-11-000004
Insider Transaction Report
Form 4
Laroia Rajiv
SVP & Chief Technology Officer
Transactions
- Award
Common Stock
2011-02-15+562,500→ 562,500 total - Award
Stock Option (right to buy)
2011-02-15+750,000→ 750,000 totalExercise: $3.25Exp: 2021-02-11→ Common Stock (750,000 underlying)
Footnotes (2)
- [F1]The vesting of the 562,500 share grant is generally subject to the achievement of a certain performance level for 2011, as determined by the CEO in his sole discretion, and the continued employment of the Reporting Person. In general, 562,500 shares (if the maximum level of performance is achieved for 2011) or a lesser number (potentially zero if the initiate level of performance is not achieved), will vest 25% on the date the Issuer reports its financial results by which the achievement of 2011 performance metrics can be determined and 25% on each of the second, third and fourth anniversaries of February 11, 2011.
- [F2]25% of the shares underlying this option vests on February 11, 2012. The remaining 75% of the shares underlying this option will then vest in equal monthly increments for the following 36 months through February 11, 2015.
Documents
Issuer
SONUS NETWORKS INC
CIK 0001105472
Entity typeother
Related Parties
1- filerCIK 0001513114
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 9:41 AM ET
- Size
- 7.9 KB