WAK:Look what you made me do,sheesh! Looks like only 2.8 million shares will be sold by 'selling stockholders', not too much if you ask me. Ericsson doesn't appear to be selling any but Nortel will be but they don't own much to begin with.None of the others are selling much either.
Now you may thank me if you so choose to do.<vbg>
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This is an initial public offering of shares of common stock of Juniper Networks, Inc. Juniper Networks is offering 2,000,000 shares to be sold in this offering. The selling stockholders identified in this prospectus are offering an additional 2,800,000 shares. Juniper Networks will not receive any of the proceeds from the sale of shares by the selling stockholders.........
(2) Sales by the selling stockholders in this offering will reduce the number of shares of common stock held by existing stockholders to 44,600,209 shares or 90.3% of the shares to be outstanding after this offering and the number of shares held by new investors will be increased to 4,800,000 shares, or 9.7% of the number of shares to be outstanding after this offering. If the underwriters' option to purchase additional shares is exercised in full, the number of shares held by existing stockholders will be further reduced to 43,978,278 shares, or 88.8% of the number of shares to be outstanding after this offering and the number of shares held by new investors will be
increased to 5,520,000 shares, or 11.2% of the number of shares to be
outstanding after this offering. See "Principal and Selling Stockholders....
The number and percentage of shares beneficially owned are based on the aggregate of (i) 47,400,209 shares of common stock outstanding as of March 31, 1999, assuming conversion of all outstanding shares of preferred stock into common stock, and (ii) 2,000,000 shares of common stock issued in this offering.
SHARES OF SHARES OF
COMMON STOCK COMMON STOCK
BENEFICIALLY OWNED BENEFICIALLY OWNED AFTER
BEFORE SALE UNDER THIS SALE UNDER THIS
PROSPECTUS PROSPECTUS(2)
----------------------- SHARES TO -------------------------
NUMBER PERCENTAGE BE SOLD(2) NUMBER PERCENTAGE
OFFICERS AND DIRECTORS(1): ---------- ---------- ------------ ------------ ----------
<S> <C> <C> <C> <C> <C>
Scott Kriens(3).......................... 3,153,485 6.65% -- 3,153,485 6.38%
Steven Haley(4).......................... 375,630 * -- 375,630 *
Pradeep Sindhu(5)........................ 2,251,785 4.75 -- 2,251,785 4.56
Peter Wexler(6).......................... 676,020 1.43 -- 676,020 1.37
Marcel Gani(7)........................... 417,165 * -- 417,165 *
William Hearst(8)........................ 10,828,125 22.8 -- 10,828,125 21.9
c/o Kleiner, Perkins, Caufield & Byers
2750 Sand Hill Road
Menlo Park, CA 94025
Vinod Khosla(9).......................... 10,828,125 22.8 -- 10,828,125 21.9
c/o Kleiner, Perkins, Caufield & Byers
2750 Sand Hill Road
Menlo Park, CA 94025
C. Richard Kramlich(10).................. 2,812,501 5.93 -- 2,812,501 5.69
c/o New Enterprise Associates
2490 Sand Hill Road
Menlo Park, CA 94025
William R. Stensrud(11).................. 315,000 * -- 315,000 *
c/o Enterprise Partners
7979 Ivanhoe Ave., Suite 550
La Jolla, CA 92037
All directors and executive officers as a
group (11 persons)(12)................. 21,585,156 45.5 -- 21,585,156 43.6
5% STOCKHOLDERS:
Kleiner, Perkins, Caufield & Byers
2750 Sand Hill Road
Menlo Park, CA 94025(13)............... 10,828,125 22.8 -- 10,828,125 21.9
New Enterprise Associates
2490 Sand Hill Road
Menlo Park, CA 94025(14)............... 2,812,501 5.93 -- 2,812,501 5.69
61
<PAGE> 63
SHARES OF SHARES OF
COMMON STOCK COMMON STOCK
BENEFICIALLY OWNED BENEFICIALLY OWNED AFTER
BEFORE SALE UNDER THIS SALE UNDER THIS
PROSPECTUS PROSPECTUS(2)
----------------------- SHARES TO -------------------------
NUMBER PERCENTAGE BE SOLD(2) NUMBER PERCENTAGE
OFFICERS AND DIRECTORS(1): ---------- ---------- ------------ ------------ ----------
<S> <C> <C> <C> <C> <C>
Ericsson Business Networks AB
S-131 89 Stockholm
Sweden(15)............................. 3,785,505 7.99 -- 3,785,505 7.66
SELLING STOCKHOLDERS:
Crosspoint Venture Partners 1996
2925 Woodside Road
Woodside, CA 94062(16)................. 1,658,210 3.50 1,036,281 621,929 1.26
Nortel Networks Corporation
8200 Dixie Road, Suite 100
Brampton, Ontario, L6T 5P6
Canada................................. 1,763,719 3.72 1,763,719 -- --
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