SEC Form 4 · accession 0001043604-17-000031
JUNIPER NETWORKS INC · JNPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pradeep Sindhu
Director
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 8:22 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 17, 2017 | M | 18,820 | $0.00 | A | 39,618 | D | |
| Common Stock | Feb 17, 2017 | F | 7,124 | $28.39 | D | 32,494 | D | |
| Common Stock | Feb 19, 2017 | M | 7,758 | $0.00 | A | 40,252 | D | |
| Common Stock | Feb 19, 2017 | F | 3,398 | $28.39 | D | 36,854 | D | |
| Common Stock | Feb 19, 2017 | M | 8,197 | $0.00 | A | 45,051 | D | |
| Common Stock | Feb 19, 2017 | F | 4,278 | $28.39 | D | 40,773 | D | |
| Common Stock | holding | — | — | — | 585,000 | I | Bertrand 2016 GRAT | |
| Common Stock | holding | — | — | — | 585,000 | I | Sindhu 2016 GRAT | |
| Common Stock | holding | — | — | — | 882,676 | I | by Family LP | |
| Common Stock | holding | — | — | — | 2,106,787 | I | by Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF3 | $0.00 | Feb 17, 2017 | M | 18,820 | D | Feb 17, 2017 | Feb 17, 2017 | Common Stock | 18,820 | 0 | D |
| Performance Stock UnitF3,F4 | $0.00 | Feb 19, 2017 | M | 7,758 | D | Feb 19, 2017 | Feb 19, 2018 | Common Stock | 7,758 | 7,759 | D |
| Performance Stock UnitF3,F5 | $0.00 | Feb 17, 2017 | A | 4,500 | A | Feb 17, 2018 | Feb 17, 2019 | Common Stock | 4,500 | 4,500 | D |
| RSU AwardF3,F6 | $0.00 | Feb 19, 2017 | M | 8,197 | D | Feb 19, 2017 | Feb 19, 2019 | Common Stock | 8,197 | 15,909 | D |
| RSU AwardF3,F6 | $0.00 | Feb 17, 2017 | A | 17,250 | A | Feb 17, 2018 | Feb 17, 2020 | Common Stock | 17,250 | 17,250 | D |
Explanation of responses
- F1Represents the number of shares earned and vested under the performance share award. The shares vest on approximately the third year anniversary of the grant date and following determination by the Compensation Committee of the achievement of certain Company performance targets.
- F2Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
- 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 will be determined based on achievement of certain Company performance targets for the 2017 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.
- F6This 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.