Home > Insider Trading > Filing (0001477145-10-000015)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
752431	Network Equipment Technologies Inc	NWK	Computer Communications Equipment (3576)	942904044

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1477145	David Wagenseller	6900 Paseo Padre Parkway Fremont CA 94555	Vice President, Finance	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-05-10	2,928	$5.00	46,856	No	4	S	Direct
Common Stock	Disposition	2010-05-10	492	$4.66	46,364	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (right to buy)	Acquisiton	2010-05-10	60,000	$0.00	60,000	$4.90
Common Stock	Restricted Stock Units	Acquisiton	2010-05-10	1,148	$0.00	1,148	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
60,000		2017-05-10	No	4	A	Direct
1,148			No	4	A	Direct

Footnotes

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2009 and as amended on March 1, 2010.
25% of total shares granted vests one year from grant date, thereafter in a series of 36 successive equal monthly installments
Each Restricted Stock Unit represents a contingent right to receive one share of NWK common stock.
Restricted Stock Units granted pursuant to Issuer's 2008 Equity Incentive Plan. 100% of the shares subject to the Restricted Stock Units will vest on May 11, 2010. Vested shares will be delivered to the reporting person on the vesting date.