0001490372-17-000005.txt : 20170320 0001490372-17-000005.hdr.sgml : 20170320 20170320170336 ACCESSION NUMBER: 0001490372-17-000005 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: Snider Jeffrey M. CENTRAL INDEX KEY: 0001490372 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34115 FILM NUMBER: 17702089 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 0001490372 Snider Jeffrey M. C/O SONUS NETWORKS, INC. 4 TECHNOLOGY PARK DRIVE WESTFORD MA 01886 0 1 0 0 SVP, Ch Admin Off & Gen Coun Common Stock 2017-03-16 4 M 0 3767 0 A 191103 D Common Stock 2017-03-16 4 F 0 3255 6.62 D 187848 D Performance-Based Restricted Stock Units (PSUs) 0 2017-03-16 4 M 0 3767 0 A Common Stock 3767 4167 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) 4,166 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) 400 PSU's 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. Jeffrey M. Snider 2017-03-20