-----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, JZyHUnfiQ9vU3iWfxaIB7cTwTQ0XBNlZ95vqaqwD8+0H6/AbtKzuN+w6IwrLCw9V N9wql1UzMAdoGJJYP/n1yw== 0000950123-10-047952.txt : 20100511 0000950123-10-047952.hdr.sgml : 20100511 20100511171952 ACCESSION NUMBER: 0000950123-10-047952 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100511 DATE AS OF CHANGE: 20100511 EFFECTIVENESS DATE: 20100511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JUNIPER NETWORKS INC CENTRAL INDEX KEY: 0001043604 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 770422528 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-34501 FILM NUMBER: 10821946 BUSINESS ADDRESS: STREET 1: 1194 NORTH MATHILDA AVE CITY: SUNNYVALE STATE: CA ZIP: 94089 BUSINESS PHONE: 6505268000 MAIL ADDRESS: STREET 1: 1194 NORTH MATHILDA AVE CITY: SUNNYVALE STATE: CA ZIP: 94089 DEFA14A 1 f55836a1defa14a.htm DEFA14A defa14a

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

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No.     )

  Filed by the Registrant   þ
  Filed by a Party other than the Registrant   o
 
  Check the appropriate box:

  o   Preliminary Proxy Statement
  o   Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
  o   Definitive Proxy Statement
  þ   Definitive Additional Materials
  o   Soliciting Material Pursuant to §240.14a-12

Juniper Networks, Inc.


(Name of Registrant as Specified In Its Charter)


(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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  o   Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

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Email sent to Fidelity on May 11, 2010:
Gina,
Thank you again for your time this morning. We very much appreciate the opportunity to discuss our request to add an additional 30 million shares to our equity comp plan with you and other members of the Fidelity team.
Below is a recap of some of the key numbers we discussed.
Calculation based on our understanding of Fidelity’s dilution model:
As of March 22, 2010, as disclosed in the Juniper proxy: Total shares subject to outstanding equity awards: 79,616,855
Shares available for grant under 2006 Equity Incentive Plan: 2,243,056
Total shares outstanding+available: 81,859,911
Common shares outstanding as of March 15, 2010 record date: 523,570,721
New share request: 30,000,000 Fidelity dilution calculation= (Outstanding equity awards + shares available+ new shares requested)/ (Common shares outstanding + outstanding equity awards + shares available+ new shares requested) (81,859,911+30,000,000)/(523,570,721+81,859,911+30,000,000)= 17.6% dilution
Additional information requested
Shares subject to options priced above $28.30 as disclosed in 2009 10-K: approx. 5,408,000 shares
Aggregate shares repurchased since beginning of 2006: approx. 125,300,000 shares
As noted above, there are approximately 2.2 million shares remaining. Clearly, our ability to issue new shares as we go forward is at risk.
Lastly, as Steve cited, our Enterprise value includes nearly $2.8 in cash as of March 31st.
Again, thank you for your consideration. Please let us know if you need further clarification.
As a management team, we are committed to recruiting and retaining world-class talent to drive the future growth of our company. We are also deeply committed to ensuring we exercise discipline and are mindful of the dilutive impact of these programs.
On behalf of the Juniper management team,
Kathleen Bela
Juniper Investor Relations

 

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