SEC Form 4 · accession 0001043604-15-000058
JUNIPER NETWORKS INC · JNPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pradeep Sindhu
Officer — EVP CTO · Director
Period of report
Mar 20, 2015
Accepted (ET)
Mar 24, 2015 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001043604
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1,F2 | $0.00 | Mar 20, 2015 | A | 21,429 | A | Mar 20, 2016 | Mar 20, 2017 | Common Stock | 21,429 | 21,429 | D |
| Performance SharesF3,F2 | $0.00 | Mar 20, 2015 | A | 62,172 | A | Mar 20, 2018 | Mar 20, 2018 | Common Stock | 62,172 | 62,172 | D |
| Performance SharesF4,F2 | $0.00 | Mar 20, 2015 | A | 31,086 | A | Jan 1, 2016 | Dec 31, 2019 | Common Stock | 31,086 | 31,086 | D |
| RSU AwardF5,F2 | $0.00 | Mar 20, 2015 | A | 32,028 | A | Mar 20, 2016 | Mar 20, 2018 | Common Stock | 32,028 | 32,028 | D |
Explanation of responses
- F1Represents the maximum quantity of shares issuable. The exact number of shares issuable will be determined based on achievement of certain Company performance targets for the 2015 fiscal year, as determined by the Compensation Committee of the Board. The executive can earn between 0% and 100% of the target shares that will vest 50% each year over a two year period on each anniversary of the date of grant.
- F2Column 8 is not an applicable reportable field.
- F3Represents the maximum quantity of shares issuable. The exact number of shares issuable with respect to each year will be determined based on achievement of certain Company performance targets for each year, as determined by the Compensation Committee of the Board. The executive can earn between 0% and 200% of the target shares with respect to each year.
- F4The number of shares represents the maximum quantity of shares issuable pursuant to this performance share award.The exact number of shares issuable will be based upon achievement of specific stock price targets for the Issuer sustained over a period of 60 consecutive trading days during a 4 year period commencing on January 1, 2016.
- F5Vests as to thirty-four percent on the one year anniversary of the grant date and thirty-three percent annually on the second anniversary and third anniversary.