SEC Form 4 · accession 0001043604-18-000016
JUNIPER NETWORKS INC · JNPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Martin
Officer — SVP General Counsel
Period of report
Mar 16, 2018
Accepted (ET)
Mar 20, 2018 · 6:11 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 Stock UnitF1,F2 | $0.00 | Mar 16, 2018 | A | 14,061 | A | Feb 16, 2019 | Feb 16, 2020 | Common Stock | 14,061 | 14,061 | D |
| Performance Stock UnitF3,F2 | $0.00 | Mar 16, 2018 | A | 84,000 | A | Mar 16, 2021 | Mar 16, 2021 | Common Stock | 84,000 | 84,000 | D |
| RSU AwardF2,F4 | $0.00 | Mar 16, 2018 | A | 28,000 | A | Mar 16, 2019 | Mar 16, 2021 | Common Stock | 28,000 | 28,000 | 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 2018 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.
- F2Column 8 is not an applicable reportable field.
- F3Represents the maximum quantity of shares issuable. The exact number of shares issuable with respect to the performance award will be determined based on achievement of certain Company performance targets over 3 years. The executive can earn between 0% and 200% of the target shares. No shares vest or are issued until after the performance period.
- F4This 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.