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JNPR > SEC Filings for JNPR > Form 8-K on 9-Feb-2009All Recent SEC Filings

Show all filings for JUNIPER NETWORKS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for JUNIPER NETWORKS INC


9-Feb-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On February 5, 2009, the Board of Directors of Juniper Networks, Inc. (the "Company") elected William F. Meehan to serve as a Class II director. Pursuant to the terms of the Company's 2006 Equity Incentive Plan, on February 5, 2009 Mr. Meehan was automatically granted an option to purchase 50,000 shares of the Company's common stock. The exercise price of the option is the closing market price of the Company's common stock on February 5, 2009. The option will vest and become exercisable as to 1/36th of the covered shares each month following the grant date, with the last 1/36th vesting on the day prior to the Company's annual stockholder meeting in the third calendar year following the date of grant. Mr. Meehan will also be entitled to the standard non-employee director compensation arrangements as described in the Company's 2008 proxy statement filed with the Securities and Exchange Commission on April 15, 2008. Mr. Meehan is expected to be appointed to the Audit Committee effective in March 2009.


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