SONUS NETWORKS INC 4

4 · SONUS NETWORKS INC · Filed Apr 4, 2017

Form 4

Period: 2017-03-31

Interim CFO

Transactions

Award
Common Stock
2017-03-31+45,000→ 118,900 total
Tax Payment
Common Stock
2017-04-03$6.59/sh−3,160$20,824→ 115,740 total
Award
Performance-Based Restricted Stock Units (PSUs)
2017-03-31+15,000→ 15,000 total
Exercise: $0.00→ Common Stock (15,000 underlying)

Footnotes (4)

[F1]These are restricted shares of Common Stock that vest over a three-year period as follows: one-third of the shares shall vest on March 31, 2018, and the remaining two-thirds of the shares shall vest in four equal increments semi-annually thereafter through March 31, 2020.
[F2]Each PSU represents a contingent right to receive one share of the Issuer's Common Stock, 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. The aggregate number of shares issued may range from zero (0) shares to 120% of the target number of shares reported in columns 7 and 9 of this report.
[F3]Between zero (0) and 200% of one-third of the PSUs will vest, if at all, on each of March 31, 2018, March 31, 2019 and March 31, 2020.
[F4]PAYMENT OF TAX LIABILITY BY DELIVERING SECURITIES TO THE ISSUER INCIDENT TO THE VESTING OF A SECURITY.

Documents

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