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* Isacks Kevin Neil (Last) (First) (Middle) 6900 PASEO PADRE PARKWAY (Street) FREMONT CA 94555 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 01/25/2012	3. Issuer Name and Ticker or Trading Symbol NETWORK EQUIPMENT TECHNOLOGIES INC [ NWK ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Development Officer	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	10,353	D

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	(1)	08/01/2018	Common Stock	20,000	$2.6	D
Non-Qualified Stock Option (right to buy)	(2)	05/22/2016	Common Stock	1,605	$3.07	D
Non-Qualified Stock Option (right to buy)	(3)	08/25/2015	Common Stock	2,000	$3.1	D
Non-Qualified Stock Option (right to buy)	(3)	07/19/2017	Common Stock	17,000	$3.67	D
Non-Qualified Stock Option (right to buy)	(2)	08/01/2015	Common Stock	2,000	$4.69	D
Non-Qualified Stock Option (right to buy)	(2)	09/26/2015	Common Stock	7,000	$4.7	D
Non-Qualified Stock Option (right to buy)	(2)	07/19/2014	Common Stock	4,000	$6.91	D
Non-Qualified Stock Option (right to buy)	(2)	07/01/2013	Common Stock	4,000	$8.14	D
Non-Qualified Stock Option (right to buy)	(2)	08/06/2017	Common Stock	2,000	$9.97	D
Non-Qualified Stock Option (right to buy)	(2)	12/22/2014	Common Stock	4,000	$10	D
Restricted Stock Unit (RSU)	(4)	11/05/2012	Common Stock	2,250	$0	D

Explanation of Responses:

1. 100% shares subject to this option will vest monthly over 18 months from the date of grant.

2. As of the date of this Form 3, this option is fully vested and currently exercisable.

3. 25% of total shares granted vests one year from grant date, thereafter in a series of 36 successive equal monthly installments

4. 1/8 of the total shares under this RSU (6,000 shares originally granted) vest every 3 months from the date of grant.

	Kevin N Isacks	02/06/2012
	** 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).
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