4//SEC Filing
PATEL PRAHELADBHAI S 4
Accession 0001454495-10-000007
CIK 0000752431other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 6:19 PM ET
Size
11.0 KB
Accession
0001454495-10-000007
Insider Transaction Report
Form 4
PATEL PRAHELADBHAI S
Vice President, Operations
Transactions
- Tax Payment
Common Stock
2010-05-11$5.12/sh−525$2,688→ 3,919 total - Award
Common Stock
2010-05-11+1,199→ 4,444 total - Award
Restricted Stock Units
2010-05-10+1,199→ 1,199 total→ Common Stock (1,199 underlying) - Award
Non-Qualified Stock Option (right to buy)
2010-05-10+40,000→ 40,000 totalExercise: $4.90Exp: 2017-05-10→ Common Stock (40,000 underlying)
Footnotes (4)
- [F1]Upon vesting, each restricted stock unit was converted into an equivalent number of shares of NWK common stock.
- [F2]Represents shares of common stock withheld for tax purposes upon the vesting of restricted stock units.
- [F3]25% of total shares granted vests one year from grant date, thereafter in a series of 36 successive equal monthly installments
- [F4]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 May 11, 2010. Vested shares will be delivered to the reporting person on the vesting date.
Documents
Issuer
NETWORK EQUIPMENT TECHNOLOGIES INC
CIK 0000752431
Entity typeother
Related Parties
1- filerCIK 0001454495
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 6:19 PM ET
- Size
- 11.0 KB