4//SEC Filing
SONUS NETWORKS INC 4
Accession 0001677293-17-000006
CIK 0001105472operating
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 4:38 PM ET
Size
9.3 KB
Accession
0001677293-17-000006
Insider Transaction Report
Form 4
Villare Susan M.
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 totalExercise: $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
Issuer
SONUS NETWORKS INC
CIK 0001105472
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001105472
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 4:38 PM ET
- Size
- 9.3 KB