Rahul N. Merchant - May 9, 2023 Form 4 Insider Report for JUNIPER NETWORKS INC (JNPR)

Role: Director
Signature: By: /s/Colin Lloyd, as attorney-in-fact For: Rahul Merchant
Stock symbol: JNPR
Transactions as of: May 9, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/11/2023, 04:41 PM
Previous filing: Aug 1, 2022
Next filing: Jul 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JNPR	Common Stock	Options Exercise	$0	+7.11K	+13.11%	$0.00	61.3K	May 9, 2023	Direct
holding	JNPR	Common Stock						12.5K	May 9, 2023	by Trust	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	JNPR	RSU Award	Options Exercise	$0	-7.11K	-100%	$0.00^*	0	May 9, 2023	Common Stock	7.11K	$0.00	Direct	F2, F3
transaction	JNPR	RSU Award	Award	$0	+7.68K		$0.00	7.68K	May 10, 2023	Common Stock	7.68K	$0.00	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares held by two family trusts for the benefit of Mr. Merchant and his wife. Mr. Merchant serves as the trustee for one trust, and his wife serves as the trustee for the other trust.
F2	Pursuant to the terms of the Juniper Networks, Inc. 2015 Equity Incentive Plan, the restricted stock unit ("RSU") award becomes 100% vested on the earlier of (A) the one year anniversary of the grant date, and (B) the day prior to the date of the Company's next annual stockholder meeting, subject to the individual maintaining continuous status as a director through the vesting date. The RSU award was granted at the 2022 annual stockholder meeting, which was held on May 11, 2022. The company held its 2023 annual stockholder meeting on May 10, 2023; accordingly, this RSU award vested in full on May 9, 2023.
F3	Column 8 is not an applicable reportable field.
F4	The restricted stock unit is automatically granted pursuant to the terms of the Juniper Networks, Inc. 2015 Equity Incentive Plan to each non-employee director who is elected at (or whose term continues after) the company's annual stockholder meeting. The award will become 100% vested on the earlier of (A) May 10, 2024, and (B) the day prior to the date of the company's next annual stockholder meeting, subject in either case to the director maintaining continuous status as a director through the vesting date.