SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Miller Kenneth Bradley

(Last) (First) (Middle)
1133 INNOVATION WAY

(Street)
SUNNYVALE CA 94089

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
JUNIPER NETWORKS INC [ JNPR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP CFO
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2021
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/19/2021 M(1) 17,813 A $0.0 122,010 D
Common Stock 02/19/2021 F(2) 8,860 D $23.97 113,150 D
Common Stock 02/21/2021 M 19,210 A $0.0 132,360 D
Common Stock 02/21/2021 F(3) 9,525 D $23.97 122,835 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Stock Unit $0.0 02/18/2021 A 9,493 (4) 03/16/2021(4) Common Stock 9,493 $0.0(5) 17,813 D
Performance Stock Unit $0.0 02/19/2021 M(1) 17,813 02/19/2021(1) 03/16/2021(1) Common Stock 17,813 $0.0(5) 0 D
Performance Stock Unit $0.0 02/18/2021 A 12,328 (6) 03/19/2021(6) Common Stock 12,328 $0.0(5) 12,328 D
Performance Stock Unit $0.0 02/18/2021 A 7,369 (7) 02/18/2022(7) Common Stock 7,369 $0.0(5) 13,827 D
Performance Stock Unit $0.0 02/18/2021 A 10,056 (8) 02/17/2023(8) Common Stock 10,056 $0.0(5) 10,056 D
RSU Award $0.0 02/19/2021 A 57,100 (9) 02/19/2024(9) Common Stock 57,100 $0.0(5) 57,100 D
RSU Award $0.0 02/21/2021 M 19,210 (9) (9) Common Stock 19,210 $0.0(5) 37,290 D
Explanation of Responses:
1. Represents the number of shares earned and vested under the previously reported performance award granted on 03/16/2018. The shares vested in full on 2/19/2021 following determination by the Compensation Committee on 2/18/2021 of the achievement of the final performance targets over the three-year performance period, upon the satisfaction of a continued service condition through the settlement date, which occurred on 2/19/2021.
2. Represents shares withheld from the performance share award for the payment of applicable income and payroll withholding taxes due on settlement.
3. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
4. Represents one tranche of an award granted on 03/16/2018. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 2/18/2021. This tranche vested on 2/19/2021 as described in footnote (1).
5. Column 8 is not an applicable reportable field.
6. This performance stock award was granted in the first quarter of 2020 and was earned based on attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 2/18/2021. The award will vest on March 19, 2021, subject to the reporting person's service through such vesting date.
7. Represents one tranche of an award granted in the first quarter of 2019. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 2/18/2021. This tranche will vest in the first quarter of 2022 following certification by the Compensation Committee of the final tranche of the award, subject to the reporting person's service through the date of such certification and the settlement date.
8. Represents one tranche of an award granted in the first quarter of 2020. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 2/18/2021. This tranche will vest in the first quarter of 2023 following certification by the Compensation Committee of the final tranche of the award, subject to the reporting person's service through the date of such certification and the settlement date.
9. This awards vests from the original grant date as to thirty-four percent on the one year anniversary of the grant date and thirty-three percent annually on the second anniversary and third anniversary.
By: Robert Mobassaly - Attorney in Fact For: Kenneth B. Miller 02/22/2021
** 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 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).
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