SEC Form 4 · accession 0001043604-15-000032
JUNIPER NETWORKS INC · JNPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent Molinaro
Officer — EVP Chief Customer Officer
Period of report
Feb 20, 2015
Accepted (ET)
Feb 23, 2015 · 8:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001043604
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 20, 2015 | M | 13,981 | $0.00 | A | 33,060 | D | |
| Common StockF3 | Feb 20, 2015 | F | 4,875 | $24.20 | D | 28,185 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF5,F4 | $0.00 | Feb 20, 2015 | M | 13,981 | D | Feb 20, 2015 | Feb 20, 2015 | Performance Shares | 13,981 | 22,685 | D |
Explanation of responses
- F1Represents the issuance of common stock pursuant to the vest of performance share award.
- F2Represents the per share price for the award.
- F3Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
- F4The performance shares vest based on achievement of specific performance objectives over a three year period. The amount of performance shares earned is based on the achievement of annual performance targets established for that year. The number of shares represents the maximum quantity of shares issuable.
- F5Column 9 represents the amount of shares, based on the maximum earnable amount, that were not earned. The remaining portion of share award cancelled as unearned.