-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LKAoQLrhj2HixdBEld5OCLzjg4JttlBPgBPFWrhgbULVnkdUWSVm2cU6DI0w+rTX 4+k3OcvG+eKc51kZK5dr7Q== 0001477145-10-000015.txt : 20100511 0001477145-10-000015.hdr.sgml : 20100511 20100511142907 ACCESSION NUMBER: 0001477145-10-000015 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100510 FILED AS OF DATE: 20100511 DATE AS OF CHANGE: 20100511 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wagenseller David CENTRAL INDEX KEY: 0001477145 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10255 FILM NUMBER: 10820402 MAIL ADDRESS: STREET 1: 6900 PASEO PADRE PARKWAY CITY: FREMONT STATE: CA ZIP: 94555 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NETWORK EQUIPMENT TECHNOLOGIES INC CENTRAL INDEX KEY: 0000752431 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 942904044 STATE OF INCORPORATION: DE FISCAL YEAR END: 0328 BUSINESS ADDRESS: STREET 1: 6900 PASEO PADRE PARKWAY CITY: FREMONT STATE: CA ZIP: 94555-3660 BUSINESS PHONE: 5107137300 MAIL ADDRESS: STREET 1: 6900 PASEO PADRE PARKWAY CITY: FREMONT STATE: CA ZIP: 94555-3660 4 1 edgardoc.xml PRIMARY DOCUMENT X0303 4 2010-05-10 0 0000752431 NETWORK EQUIPMENT TECHNOLOGIES INC NWK 0001477145 Wagenseller David 6900 PASEO PADRE PARKWAY FREMONT CA 94555 0 1 0 0 Vice President, Finance Common Stock 2010-05-10 4 S 0 2928 5 D 46856 D Common Stock 2010-05-10 4 S 0 492 4.66 D 46364 D Non-Qualified Stock Option (right to buy) 4.9 2010-05-10 4 A 0 60000 0 A 2017-05-10 Common Stock 60000 60000 D Restricted Stock Units 2010-05-10 4 A 0 1148 0 A Common Stock 1148 1148 D 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. David Wagenseller 2010-05-11 -----END PRIVACY-ENHANCED MESSAGE-----