SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

KOLLURI KRISHNA KITTU

(Last)

(First)

(Middle)

1194 NORTH MATHILDA AVENUE

(Street)

SUNNYVALE

94089

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/16/2004

3. Issuer Name and Ticker or Trading Symbol
JUNIPER NETWORKS INC [ JNPR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	GM, Security Products Group

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	288,014⁽¹⁾	D
Common Stock	42,471⁽²⁾	I	by Trust⁽³⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option (right to buy)	⁽⁴⁾	⁽⁵⁾	Common Stock	203,223	⁽⁶⁾	D
Non-Qualified Stock Option (right to buy)	⁽⁴⁾	⁽⁷⁾	Common Stock	280,800	⁽⁸⁾	D

Explanation of Responses:

1. Received in exchange for 205,138 shares of Netscreen Technologies, Inc. common stock in connection with the merger of Netscreen Technologies into Juniper Networks, Inc. (the "Merger"). On the effective date of the Merger, the closing price of Netscreen Tehnology Inc.'s common stock was $35.11 and the closing price of Juniper Networks, Inc.'s common stock was $25.17.

2. Received in exchange for 30,250 shares of Netscreen Technologies, Inc. common stock in connection with the merger of Netscreen Technologies into Juniper Networks, Inc. (the "Merger"). On the effective date of the Merger, the closing price of Netscreen Tehnology Inc.'s common stock was $35.11 and the closing price of Juniper Networks, Inc.'s common stock was $25.17.

3. Held by the Kolluri LivingTrust over which the Reporting Person exercises investment and voting control.

4. Vests as to 25% of the shares subject to the option on the first anniversary of the date of grant and monthly thereafter as to 1/48th of the shares subject to the option.

5. The option was originally granted under the Neoteris, Inc. 2001 Stock Option Plan and expires on 2/27/2013.

6. Received in the Merger in exchange for stock option to acquire 144,746 shares of Netscreen Technology, Inc. at $1.21 per share.

7. The option was originally granted under the Netscreen Technologies, Inc. 2001 Equity Incentive Plan and expires on 11/27/2013.

8. Received in the Merger in exchange for stock option to acquire 200,000 shares of Netscreen Technology, Inc. at $25.31 per share.

Remarks:

Exhibit List

	By: Mitchell L. Gaynor, attorney-in-fact For: Krishna Kolluri	04/19/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.