FORM 4 o
Check
this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
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OMB APPROVAL |
OMB
Number: 3235-0287 |
1. Name and Address of Reporting Person *
(Last)
(First)
(Middle)
5 Carlisle Rd. (Street)
(City)
(State) (Zip)
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2. Issuer Name and Ticker Sonus Networks, Inc. (SONS)
3. I.R.S.
Identification |
4. Statement for March 12, 2003
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director
X Officer (give title below)
10% Owner
Other (specify below) Vice President and Chief Technology Officer
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Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
1. Title of Security |
2. Transaction Date
(Month/Day/ |
2A. Deemed Execution Date,
if any (Month/Day/ |
3. Transaction Code |
4. Securities Acquired (A)
or Disposed of (D) |
5. Amount of Securities
Beneficially Owned Following Reported Transaction(s) |
6. Ownership Form: Direct
(D) or Indirect (I) |
7. Nature of Indirect
Beneficial Ownership |
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Code |
V |
Amount |
(A) or (D) |
Price |
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Common Stock |
03/12/2003 |
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P(1) |
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52,475 |
A |
$1.59 (1) |
4,059,407 (2) |
D |
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1,540,000 (3) |
I |
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Table II Derivative Securities Acquired, Disposed of, or
Beneficially Owned |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security |
3. Transaction Date |
3A. Deemed Execution Date,
if any (Month/Day/ |
4. Transaction Code (Instr. 8) |
5. Number of Derivative
Securities Acquired (A) or Disposed of (D) |
6. Date Exercisable and
Expiration Date |
7. Title and Amount of
Underlying Securities |
8. Price of Derivative
Security |
9. Number of Derivative
Securities Beneficially Owned Following Reported Transaction(s) |
10. Ownership Form of
Derivative Securities: Direct (D) or Indirect (I) |
11. Nature of Indirect
Beneficial Ownership |
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Code |
V |
(A) |
(D) |
Date |
Expiration |
Title |
Amount or Number of Shares |
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Explanation
of Responses: (1) The reporting person received 52,475 shares of SONS stock in connection with his redemption of shares in an exchange fund. The shares were valued at $1.59 per share for the purpose of determining the number of shares distributable to him in connection with the redemption. (2) Includes 3,772 shares acquired under the SONS employee stock purchase plan in January, 2002 and 2,500 shares acquired under the SONS employee stock purchase plan in January, 2003. (3) Composed of 1,540,000 shares held in trust for the benefit of Mr. Hluchyj's family and minor children. Mr. Hluchyj disclaims beneficial ownership of these 1,540,000 shares except to the extent of his pecuniary interest therein.
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/s/ Charles J. Gray Charles J. Gray as attorney-in-fact for Mr. Michael Hluchyj ** Signature of Reporting Person |
3/17/2003 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 4(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.
http://www.sec.gov/divisions/corpfin/forms/form4.htm
Last update: 09/05/2002