SEC Form 4 · accession 0001043604-17-000082
JUNIPER NETWORKS INC · JNPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Stensrud
Director
Period of report
May 24, 2017
Accepted (ET)
May 25, 2017 · 7:53 pm EDT
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 | May 24, 2017 | M | 8,032 | $0.00 | A | 13,563 | D | |
| Common Stock | May 24, 2017 | G | 8,032 | $0.00 | D | 5,531 | D | |
| Common Stock | May 24, 2017 | G | 8,032 | $0.00 | A | 243,736 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RSU AwardF2,F1 | $0.00 | May 24, 2017 | M | 8,032 | D | May 24, 2017 | May 24, 2017 | Common Stock | 8,032 | 0 | D |
| RSU AwardF2,F3 | $0.00 | May 25, 2017 | A | 9,147 | A | May 25, 2018 | May 25, 2018 | Common Stock | 9,147 | 9,147 | D |
Explanation of responses
- F1Pursuant to the terms of the Juniper Networks, Inc. 2015 Equity Incentive Plan, the restricted stock unit ("RSU") award becomes 100% vested on the earlier of (A) the one year anniversary of the grant date, and (B) the day prior to the date of the Company's next annual stockholder meeting, subject to the individual maintaining continuous status as a director through the vesting date. The RSU award was granted at the 2016 annual stockholder meeting, which was held on May 25, 2016. The company has announced that its 2017 annual stockholder meeting will be on May 25, 2017; accordingly, this RSU award vests in full on May 24, 2017.
- F2Column 8 is not an applicable reportable field.
- F3The restricted stock unit is automatically granted pursuant to the terms of the Juniper Networks, Inc. 2015 Equity Incentive Plan to each non-employee director who is elected at (or whose term continues after) the company's annual stockholder meeting. The award will become 100% vested on the earlier of (A) the one year anniversary of the grant date, and (B) the day prior to the date of the company's next annual stockholder meeting, subject in either case to the director maintaining continuous status as a director through the vesting date.