Filing Details
- Accession Number:
- 0001583995-15-000004
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-02-26 17:08:42
- Reporting Period:
- 2015-02-24
- Filing Date:
- 2015-02-26
- Accepted Time:
- 2015-02-26 17:08:42
- 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 |
|---|---|---|---|---|---|---|---|
| 1583995 | Peter Polizzi | C/O Sonus Networks, Inc. 4 Technology Park Drive Westford MA 01886 | Vp, Global Services | 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 | 2015-02-24 | 452 | $16.90 | 23,496 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2015-02-25 | 5,625 | $12.00 | 29,121 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2015-02-25 | 792 | $14.45 | 29,913 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2015-02-25 | 4,792 | $12.55 | 34,705 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2015-02-25 | 8,333 | $16.50 | 43,038 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2015-02-25 | 16,429 | $17.00 | 26,609 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2015-02-25 | 2,913 | $17.01 | 23,696 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2015-02-25 | 200 | $17.02 | 23,496 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| 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 | Stock Option (right to buy) | Disposition | 2015-02-25 | 5,625 | $0.00 | 5,625 | $12.00 |
| Common Stock | Stock Option (right to buy) | Disposition | 2015-02-25 | 792 | $0.00 | 792 | $14.45 |
| Common Stock | Stock Option (right to buy) | Disposition | 2015-02-25 | 4,792 | $0.00 | 4,792 | $12.55 |
| Common Stock | Stock Option (right to buy) | Disposition | 2015-02-25 | 8,333 | $0.00 | 8,333 | $16.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,125 | 2021-12-15 | No | 4 | M | Direct | |
| 542 | 2022-03-15 | No | 4 | M | Direct | |
| 5,208 | 2023-03-15 | No | 4 | M | Direct | |
| 11,667 | 2023-06-17 | No | 4 | M | Direct |
Footnotes
- Adjusted to reflect the 1-for-5 reverse stock split of the Common Stock of the Issuer that was made effective on the NASDAQ Global Select Market as of the commencement of trading on January 30, 2015.
- 25% of the shares underlying this option vested on November 30, 2012. The remaining 75% of the shares underlying this option then vests in equal monthly increments for the following 36 months through November 30, 2015.
- 25% of the shares underlying this option vested on March 15, 2013. The remaining 75% of the shares underlying this option then vests in equal monthly increments for the following 36 months through March 15, 2016.
- 25% of the shares underlying this option vested on March 15, 2014. The remaining 75% of the shares underlying this option then vests in equal monthly increments for the following 36 months through March 15, 2017.
- 25% of the shares underlying this option vested on June 17, 2014. The remaining 75% of the shares underlying this option then vests in equal monthly increments for the following 36 months through June 17, 2017.
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