Peter Polizzi , Vp, Global Services at Sonus Networks, Inc. (NASDAQ:SONS) has sold 2,584 shares of Common Stock, at a Price of $3.52 per share. The beneficiary, Mr. Polizzi, holds now 22,416 shares at the company, in a direct form. This transaction, as reported in SEC, was pursued as payment of tax liability by delivering securities to the company incident to the vesting of a security.
This $852.87 Million Market Cap Communications & Networking Company has witnessed other two insider sells over the course of this year. During Q1, Todd Abbott, Evp Of Strategy, and Large Shareholder, Senate Limited, Trustee, respectively sold 25,000 shares, at a price of $3.81 per share, and 41,480,007 shares, at a price of $3.49 per share.
In addition, Scott Fine And Peter Richards’ hedge fund Empire Capital Management has kept its activity firm at Sonus Networks, Inc. (NASDAQ:SONS). It currently holds 26,475,000 shares, worth over $89 million. This value of shares represent 10.64% of the fund’s Equity Portfolio.