0001619835-17-000002.txt : 20170320
0001619835-17-000002.hdr.sgml : 20170320
20170320170737
ACCESSION NUMBER: 0001619835-17-000002
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170316
FILED AS OF DATE: 20170320
DATE AS OF CHANGE: 20170320
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SONUS NETWORKS INC
CENTRAL INDEX KEY: 0001105472
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
IRS NUMBER: 043387074
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4 TECHNOLOGY PARK DRIVE
CITY: WESTFORD
STATE: MA
ZIP: 01886
BUSINESS PHONE: 9786148100
MAIL ADDRESS:
STREET 1: 4 TECHNOLOGY PARK DRIVE
CITY: WESTFORD
STATE: MA
ZIP: 01886
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Swade Michael R.
CENTRAL INDEX KEY: 0001619835
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34115
FILM NUMBER: 17702122
MAIL ADDRESS:
STREET 1: C/O 4 TECHNOLOGY PARK DRIVE
CITY: WESTFORD
STATE: MA
ZIP: 01886
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2017-03-16
0001105472
SONUS NETWORKS INC
SONS
0001619835
Swade Michael R.
C/O SONUS NETWORKS, INC.
4 TECHNOLOGY PARK DRIVE
WESTFORD
MA
01886
0
1
0
0
SVP Worldwide Sales
Common Stock
2017-03-16
4
M
0
7533
0
A
144035
D
Common Stock
2017-03-16
4
F
0
6458
6.62
D
137577
D
Performance-Based Restricted Stock Units (PSUs)
0
2017-03-16
4
M
0
7533
0
A
Common Stock
7533
8334
D
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.
PAYMENT OF TAX LIABILITY BY DELIVERING SECURITIES TO THE ISSUER INCIDENT TO THE VESTING OF A SECURITY.
The remaining PSUs will vest, if at all, on March 16, 2018.
Amount reflects the forfeiture of (i) 8,333 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) 800 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.
Michael R. Swade
2017-03-20