Riley Kevin W. 4   0001615890-17-000004

Ownership: Statement of changes in beneficial ownership. Insider trading ( Directors, Officers, Significant Shareholders )

filing date
March 20, 2017
period ending
March 16, 2017
date of filing date change
March 20, 2017
Signed By
Kevin W Riley
accession number
0001615890-17-000004
type
4
public document count
1
Key documents and exhibits
Link: Type Id filename
PRIMARY DOCUMENT 4 1 edgar.xml
Issuer:
SONUS NETWORKS INC [SONS]
Reporting Owner:
Riley Kevin W. Officer, SVP Engineering & CTO,
Date of Event Req Stmt
2017-03-16
Type Title Conv/Exer price Trans. date Deemed Exe date Trans Form Type Trans Code Eqty swap? Footnote id Trans timelines # Shares Value Total Value Price / share Acq or Disp Date exercisable Expiration date # Owned post trans Value Owned post trans Underlying security title # Underlying securities Value underlying securities Direct or Indirect own Nature indirect own
Non-Derriv. transCommon Stock2017-03-164M : Exer. or conv. of deriv. security exemptedFalse52730A148077D
Non-Derriv. transCommon Stock2017-03-164F : Pmt of exercise price or tax liabFalse49626.62D143115D
Derriv. transPerformance-Based Restricted Stock Units (PSUs)02017-03-164M : Exer. or conv. of deriv. security exemptedFalse52730A5834Common Stock5273D
F1
Represents the vesting (at 90.4% of target) of Performance-Based Restricted Stock Units (PSUs) granted on March 16, 2015 for the 2016 performance period. Performance for this award during the award's 2016 performance period was measured based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the NASDAQ Telecommunications Index, that were set by the Compensation Committee of the Issuer's Board of Directors.
F2
PAYMENT OF TAX LIABILITY BY DELIVERING SECURITIES TO THE ISSUER INCIDENT TO THE VESTING OF A SECURITY.
F3
The remaining PSUs will vest, if at all, on March 16, 2018.
F4
Amount reflects the forfeiture of (i) 5,833 PSUs of the aggregate amount granted on March 16, 2015 that failed to vest following the 2015 performance period based on the Issuer's performance for such 2015 performance period, and (ii) 560 PSUs of the aggregate amount granted on March 16, 2015 that failed to vest following the 2016 performance period based on the Issuer's performance for such 2016 performance period, each as determined by the Compensation Committee of the Issuer's Board of Directors at the end of the applicable performance period. The original aggregate number of PSUs granted to the Reporting Person on March 16, 2015 was reported in Table II of Form 4 filed by the Reporting Person on March 17, 2015.
Signed by
[ Kevin W. Riley ] on 2017-03-20
Type Filing Company SIC Rel IRS # State of INC FY End Mailing address Former Filing Vals
issuer
SONUS NETWORKS INC
Cik: 0001105472
4 TECHNOLOGY PARK DRIVE
WESTFORD,  MA,  01886
  USA
7373 -
Services-Computer Integrated Systems Design
043387074 USA [ DE ] 1231
4 TECHNOLOGY PARK DRIVE
WESTFORD,  MA,  01886
  USA
Type Filing Reporting Owner Company SIC Rel IRS # State of INC FY End Mailing address Former Filing Vals
reporting owner
Riley Kevin W. ( CIK: 0001615890 )

Cik:

C/O 4 TECHNOLOGY PARK DRIVE
WESTFORD,  MA,  01886
  USA
form type4
act34
file number001-34115
film number17702023