SEC Form 4 · accession 0001043604-16-000205
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
Feb 1, 2016
Accepted (ET)
Feb 3, 2016 · 8:09 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 | Feb 1, 2016 | M | 10,714 | $0.00 | A | 1,827,803 | D | |
| Common StockF2 | Feb 1, 2016 | F | 4,027 | $0.00 | D | 1,823,776 | D | |
| Common Stock | Feb 3, 2016 | M | 86,000 | $14.68 | A | 1,909,776 | D | |
| Common StockF3 | Feb 3, 2016 | G | 92,687 | $0.00 | D | 1,817,089 | D | |
| Common StockF3 | Feb 3, 2016 | G | 92,687 | $0.00 | A | 1,808,860 | I | by Family Trust |
| Common Stock | holding | — | — | — | 1,017,076 | I | by Family LP | |
| Common Stock | holding | — | — | — | 6,867 | I | by Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F5,F4 | $14.68 | Feb 3, 2016 | M | 86,000 | D | Feb 20, 2010 | Feb 20, 2016 | Common Stock | 86,000 | 0 | D |
| Performance SharesF6,F7,F5,F8 | $0.00 | Feb 1, 2016 | M | 10,714 | D | Feb 1, 2016 | Mar 20, 2017 | Common Stock | 10,714 | 10,715 | D |
Explanation of responses
- F1Amount of securities owned includes 888 shares acquired by the reporting person under the Juniper Networks, Inc. 2008 Employee Stock Purchase Plan on 01/29/2016.
- F2Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
- F3Represents the transfer of shares to the Sindhu Family Trust from the reporting person immediately upon vesting of the Performance Share Unit and exercise of the stock options
- F4Vests as to 25% of the shares subject to the option one year from the grant date and the balance shall vest 1/48th of the total shares granted each month thereafter.
- F5Column 8 is not an applicable reportable field.
- F6This is a Performance Stock Unit
- F7The exact number of shares issued was determined based on achievement of certain Company performance targets for the 2015 fiscal year, as determined by the Compensation Committee of the Board. The remaining unvested shares will vest on February 1, 2017.
- F8The original Form 4 filed on March 24, 2015 erroneously indicated that the Date Exercisable of the performance share award was March 20, 2016. The correct Date Exercisable is February 1, 2016.