SLATTERY FRANK PAUL 4
4 · NETWORK EQUIPMENT TECHNOLOGIES INC · Filed Nov 5, 2010
Insider Transaction Report
Form 4
SLATTERY FRANK PAUL
EXC.172.VP & General Counsel
Transactions
- Award
Common Stock
2010-11-03+1,847→ 13,721 total - Disposition to Issuer
Common Stock
2010-11-05$3.45/sh−677$2,336→ 13,044 total
Footnotes (3)
- [F1]Restricted Stock Units granted pursuant to Issuer's 2008 Equity Incentive Plan. 100% of the shares subject to the Restricted Stock Units will vest on November 5, 2010. Vested shares will be delivered to the reporting person on the vesting date.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of NWK common stock.
- [F3]Represents shares of common stock withheld for tax purposes upon the vesting of restricted stock units.