SEC Form 4 · accession 0001043604-16-000227
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 19, 2016
Accepted (ET)
Feb 23, 2016 · 6:14 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 Stock | Feb 19, 2016 | M | 21,918 | $0.00 | A | 40,274 | D | |
| Common StockF1 | Feb 19, 2016 | F | 8,005 | $24.57 | D | 32,269 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF3,F2 | $0.00 | Feb 19, 2016 | M | 21,918 | D | Feb 19, 2016 | Feb 19, 2016 | Common Stock | 21,918 | 0 | D |
| Performance SharesF3,F4 | $0.00 | Feb 19, 2016 | A | 15,388 | A | Feb 19, 2017 | Feb 19, 2018 | Common Stock | 15,388 | 15,388 | D |
| Performance SharesF3,F5 | $0.00 | Feb 19, 2016 | A | 46,794 | A | Feb 19, 2019 | Feb 19, 2019 | Common Stock | 46,794 | 46,794 | D |
| Performance SharesF3,F6 | $0.00 | Feb 19, 2016 | A | 23,397 | A | Jan 1, 2017 | Dec 31, 2020 | Common Stock | 23,397 | 23,397 | D |
| RSU AwardF3,F7 | $0.00 | Feb 19, 2016 | A | 24,106 | A | Feb 19, 2017 | Feb 19, 2019 | Common Stock | 24,106 | 24,106 | D |
Explanation of responses
- F1Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
- F2All of the shares earned over the three year period will vest, provided that the reporting person is still providing service to the Company, after the final calculation is approved by the Compensation Committee.
- F3Column 8 is not an applicable reportable field.
- F4Represents 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 2016 fiscal year, as determined by the Compensation Committee of the Board. The executive can earn either 0% or 100% of the target shares that will vest 50% each year over a two year period.
- F5Represents the maximum quantity of shares issuable. The exact number of shares issuable with respect to each of three performance years 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. No shares vest or are issued until after the third performance year.
- F6The 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, 2017.
- F7This awards vests from the original grant date 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.