SONUS NETWORKS INC 4
4 · SONUS NETWORKS INC · Filed Nov 18, 2013
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2013-11-15+250,000→ 250,000 total - Award
Stock Option (right to buy)
2013-11-15+500,000→ 500,000 totalExercise: $2.72Exp: 2023-11-15→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]These are restricted shares of Common Stock that vest over a four-year period as follows: 25% will vest on November 15, 2014. The remaining 75% of the shares shall vest in six equal increments semi-annually thereafter through November 15, 2017.
- [F2]25% of the shares underlying this option vests on November 15, 2014. The remaining 75% of the shares underlying this option will then vest in equal monthly increments for the following 36 months through November 15, 2017.