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 of Worldwide Sales
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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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27,474 |
A |
$1.59(1) |
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D |
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Common Stock |
06/27/2002 |
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G(2) |
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25,000 |
D |
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1,238,399(3) |
D |
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Common Stock |
03/12/2003 |
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P(4) |
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27,474 |
A |
$1.59(4) |
356,883(5) |
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 27,474 shares of SONS stock in connection with his redemption of his interest 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) This transaction was reportable on Form 5 for the fiscal year ended 12/31/02. (3) Includes (i) 3,262 shares acquired under the SONS employee stock purchase plan in January 2002, (ii) 2,500 shares acquired under the SONS employee stock purchase plan in January 2003, (iii) 492,101 shares received in a distribution from the Kootenai Kaniksu GRAT in March 2002, and (iv) shares of restricted stock that are subject to repurchase by the issuer if Mr. Rogers ceases to be employed by the issuer. The right of repurchase on the common stock lapses over time depending upon the purchase date of the restricted stock and the respective purchase agreements. (4) A family trust received 27,474 shares of SONS stock in connection with its 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 the trust in connection with the redemption. (5) Mr. Rogers disclaims any beneficial interest in these 356,883 shares held by three trusts for the benefit of Mr. Rogers' family and minor children, except to the extent of his pecuniary interests therein. |
/s/ Charles J. Gray as attorney in fact for Mr. Gary Rogers ** 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