SEC Form 4 · accession 0001209191-16-124716
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
May 31, 2016
Accepted (ET)
Jun 1, 2016 · 5:22 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 StockF1 | May 31, 2016 | S$0 | 182,362 | — | D | 1,017,076 | I | By Family LP |
| Common Stock | holding | — | — | — | 2,498,890 | I | By Family Trust | |
| Common Stock | holding | — | — | — | 585,000 | I | By Sindhu 2016 GRAT | |
| Common Stock | holding | — | — | — | 585,000 | I | By Bertrand GRAT | |
| Common Stock | holding | — | — | — | 20,798 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported securities are held by Sindhu Investments L.P., (the "Family LP") a limited partnership of which the reporting person is the sole general partner. The Family LP holds 1,017,076 shares of Juniper Common Stock as well as other assets. On May 31, 2016, the reporting person and his spouse sold an aggregate of a 17.93% interest in the Family LP to certain other limited partners in the Family LP. The sale price of the limited partnership interest was determined by a third party valuation firm. The fair market value of the shares of Juniper Common Stock transferred as of May 31, 2016 was $4,269,094.42, which was based on the closing price per share on such date. The reporting person disclaims beneficial ownership of the Juniper Common Stock held by the Family LP except to the extent of his pecuniary interest therein.