Filing Details

Accession Number:
0001490372-10-000006
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-08-17 13:00:00
Reporting Period:
2010-08-16
Filing Date:
2010-08-17
Accepted Time:
2010-08-17 16:48:10
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1105472 Sonus Networks Inc SONS Services-Computer Integrated Systems Design (7373) 043387074
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1490372 M. Jeffrey Snider C/O Sonus Networks, Inc.
7 Technology Park Drive
Westford MA 01886
Svp, General Counsel & Secy 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 Acquisiton 2010-08-16 61,250 $1.94 254,582 No 4 M Direct
Common Stock Disposition 2010-08-16 61,250 $2.97 193,332 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Option (right to buy) Acquisiton 2010-08-16 61,250 $0.00 61,250 $1.94
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
148,750 2019-06-15 No 4 M Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.94 to $3.02, inclusive. The reporting person undertakes to provide Sonus Networks, Inc., any security holder of Sonus Networks, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in this footnote.
  2. 25% of the shares underlying this option vested on June 8, 2010. The remaining 75% of the shares underlying this option will then vest in equal monthly increments for the following 36 months through June 8, 2013.