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<TITLE>s-8</TITLE>
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<P align="center">As filed with the Securities and Exchange Commission on June&nbsp;13, 2001<BR>
Registration No.&nbsp;333-________

<P align="center">SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549

<P align="center"><B>FORM S-8</B>

<P align="center">REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933

<P align="center"><B>VISUAL NETWORKS, INC.</B><BR>
(Exact name of registrant as specified in its charter)

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%" align="center">
<TR valign="bottom">
        <TD width="52%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="43%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top"><B>Delaware</B><BR>
(State or other jurisdiction of<BR>
incorporation or organization)</TD>
        <TD></TD>
        <TD  align="center" valign="top">
<B>52-1837515</B><BR>
(I.R.S. Employer Identification No.)</TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD align="center" valign="top"><B>2092 Gaither Road<BR>
Rockville, Maryland</B><BR>
(Address of principal executive offices)</TD>
        <TD></TD>
        <TD  align="center" valign="bottom">
<B>20850</B><BR>
(Zip code)</TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><B>Visual Networks, Inc. 1999 Employee Stock Purchase Plan<BR>
(As Amended, April&nbsp;11, 2001)</B><BR>
(Full title of plan)

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%" align="center">
<TR valign="bottom">
        <TD width="51%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="44%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top">(Name, address and telephone<BR>
number of agent for service:)<BR>
<B>Peter J. Minihane<BR>
Executive Vice President,<BR>
Chief Financial Officer and Treasurer<BR>
<BR>
Visual Networks, Inc.<BR>
2092 Gaither Road<BR>
Rockville, Maryland 20850<BR>
(301) 296-2300</B></TD>
        <TD></TD>
        <TD nowrap align="center" valign="top">
<BR>
(Copy to:)<BR>
<B>Nancy A. Spangler, Esquire<BR>
Piper Marbury Rudnick &#38; Wolfe LLP<BR>
1850 Centennial Park Drive, Suite 610<BR>
Commerce Executive Park III<BR>
Reston, Virginia 20191<BR>
(703) 390-5240</B></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><B>CALCULATION OF REGISTRATION FEE</B>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%" align="center">
<TR valign="bottom">
        <TD width="45%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="6%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="6%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD colspan="17" nowrap align="center"><HR noshade size="4"></TD>
        <TD></TD>
</TR>
<TR valign="bottom">
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Proposed</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Proposed</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Amount</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Maximum</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Maximum</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Amount of</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>to be</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Offering</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Aggregate</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Registration</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2"><B>Title of Securities to be Registered</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Registered(1)(2)</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Price Per Unit(3)</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Offering Price(3)</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Fee(3)(4)</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD colspan="17" nowrap align="center"><HR noshade size="1"></TD>
        <TD></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Common Stock, $0.01 par value</FONT></TD>
        <TD></TD>
        <TD nowrap align="right" valign="top"></TD>
        <TD align="right" valign="top"><FONT size="2">
750,000
</FONT></TD>
        <TD valign="top"></TD>
        <TD></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">6.47
</FONT></TD>
        <TD valign="top"></TD>
        <TD></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">4,852,500
</FONT></TD>
        <TD valign="top"></TD>
        <TD></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">1,213.13</FONT></TD>
        <TD valign="top"></TD>
</TR>
<TR valign="bottom">
        <TD colspan="17" nowrap align="center"><HR noshade size="1"></TD>
        <TD></TD>
</TR>
</TABLE>
</CENTER>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
      <TD width="1%" align="left">(1)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">An aggregate of 1,150,000 shares of Common Stock may be offered or
issued pursuant to the Visual Networks, Inc. 1999 Employee Stock Purchase Plan
(As Amended, April&nbsp;11, 2001), 400,000 of which were previously registered on
Form&nbsp;S-8 (File No.&nbsp;333-85031) and 750,000 of which are registered on this Form
S-8.</TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left">(2)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">In addition, pursuant to Rule&nbsp;416 under the Securities Act of 1933, as
amended, this Registration Statement also covers an indeterminate number of
shares of Common Stock that may be offered or issued by reason of stock splits,
stock dividends or similar transactions and an indeterminate number of plan
participation interests to be offered or sold pursuant to the Visual Networks,
Inc. 1999 Employee Stock Purchase Plan (As Amended, April&nbsp;11, 2001).</TD>
</TR>
</TABLE>
<P align="center">&nbsp;
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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
      <TD width="1%" align="left">(3)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">Estimated solely for purposes of calculating the registration fee pursuant
to Rule&nbsp;457(c) and (h). The proposed maximum offering price per share,
proposed maximum aggregate offering price and the amount of the registration
fee are based on the average of the high and low prices of Visual Networks,
Inc. Common Stock reported on the Nasdaq National Market on June&nbsp;5, 2001 (i.e.,
$6.47). Pursuant to Rule&nbsp;457(h)(2), no separate registration fee is provided
for the participation interests in the Visual Networks, Inc. 1999 Employee
Stock Purchase Plan (As Amended, April&nbsp;11, 2001).</TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left">(4)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">Pursuant to General Instruction E of Form&nbsp;S-8, the registration fee is
calculated with respect to the additional securities registered on this Form
S-8 only.</TD>
</TR>
</TABLE>
<P align="center">-2-
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<P align="center"><B>INCORPORATION OF DOCUMENTS BY REFERENCE</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with General Instruction E to Form&nbsp;S-8, the contents of the
Registration Statement filed by Visual Networks, Inc. (the &#147;Corporation&#148; or the
&#147;Registrant&#148;) with the Securities and Exchange Commission (the &#147;Commission&#148;)
(File No.&nbsp;333-85031), with respect to securities offered pursuant to the
Corporation&#146;s 1999 Employee Stock Purchase Plan, are hereby incorporated by
reference.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Corporation pursuant to Sections&nbsp;13(a), 13(c),
14 or 15(d) of the Securities Exchange Act of 1934, as amended, subsequent to
the date of this Registration Statement and prior to the filing of a
post-effective amendment that indicates that all securities offered have been
sold or that deregisters all securities remaining unsold shall be deemed to be
incorporated by reference into this Registration Statement and to be a part
hereof from the date of filing such documents.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or
is deemed to be incorporated by reference herein modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute part of this Registration
Statement.

<P align="center">-3-
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<P align="center"><B>EXHIBITS</B>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" align="center">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="left"><FONT size="3">EXHIBIT</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="left"><FONT size="3"><U>NUMBER</U></FONT></TD>
        <TD></TD>
        <TD nowrap align="left"><FONT size="3"><U>DESCRIPTION</U></FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="3">4.1</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="3">
Amended and Restated Certificate of Incorporation (incorporated by
reference to Exhibit&nbsp;3.1 to the Corporation&#146;s Quarterly Report on
Form&nbsp;10-Q for the three months ended June&nbsp;30, 1999 (File No.
000-23699))</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="3">4.1.1</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="3">
Certificate of Amendment to the Amended and Restated Certificate
of Incorporation (incorporated by reference to Exhibit&nbsp;3.1.1 to
the Corporation&#146;s Registration Statement on Form&nbsp;S-4 (File No.
333-33946))</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="3">4.2</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="3">
Restated Bylaws (incorporated by reference to Exhibit&nbsp;3.2 to the
Corporation&#146;s Registration Statement on Form&nbsp;S-1, as amended (File
No.&nbsp;333-41517))</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="3">4.3</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="3">
Visual Networks, Inc. 1999 Employee Stock Purchase Plan (As
Amended, April&nbsp;11, 2001) (incorporated by reference to Appendix&nbsp;B
to the Corporation&#146;s Proxy Statement on Form&nbsp;DEF 14A (File No.
000-23699))</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="3">5.1</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="3">
Opinion of Piper Marbury Rudnick &#38; Wolfe LLP, counsel for the
Registrant, regarding the legal validity of the shares of Common
Stock being registered for issuance under the Plan (filed
herewith)</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="3">23.1</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="3">
Consent of Counsel (contained in Exhibit&nbsp;5.1)</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="3">23.2</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="3">
Consent of Independent Public Accountants (filed herewith)</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="3">24.1</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="3">
Power of Attorney (filed herewith)</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center">-4-
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<P align="center"><B>SIGNATURES</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Rockville, State of Maryland, on the 11th day
of June, 2001.

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" align="center">
<TR valign="bottom">
        <TD width="45%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD valign="top"><FONT size="3">VISUAL NETWORKS, INC</FONT></TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD valign="top"><FONT size="3">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Scott Stouffer</U></FONT></TD>
</TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD valign="top"><FONT size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scott E. Stouffer<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
the Administrator of the Visual Networks, Inc. 1999 Employee Stock Purchase
Plan (As Amended, April&nbsp;11, 2001) has duly caused this Registration Statement
to be signed on its behalf by the undersigned, thereunto duly authorized in the
City of Reston, Commonwealth of Virginia, on the 11th day of June, 2001.

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" align="center">
<TR valign="bottom">
        <TD width="45%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD valign="top"><FONT size="3">VISUAL NETWORKS, INC.<BR>
1999 Employee Stock Purchase Plan<BR>
(As Amended, April 11, 2001)</FONT></TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD valign="top"><FONT size="3">All the members of the Compensation
Committee of the Board of Directors of Visual Networks, Inc.</FONT></TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD valign="top"><FONT size="3">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Nancy A. Spangler</U></FONT></TD>
</TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD valign="top"><FONT size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nancy A. Spangler<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attorney-In-Fact</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Form&nbsp;S-8
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" align="center">
<TR valign="bottom">
        <TD width="34%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="28%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="28%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="left" valign="top"><FONT size="3"><U>Signature</U></FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="3"><U>Title</U></FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="3"><U>Date</U></FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD align="left" valign="top"><FONT size="3"><U>/s/ Scott E. Stouffer</U><BR>
Scott E. Stouffer</FONT></TD>
        <TD></TD>
        <TD nowrap align="center" valign="top"><FONT size="3">
Chairman of the Board, President and Chief<BR>
Executive Officer<BR>
(Principal Executive Officer)
</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="3">June&nbsp;11, 2001</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="left" valign="top"><FONT size="3"><U>/s/ Peter J. Minihane</U><BR>
Peter J. Minihane</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="3">
Executive Vice President,<BR>
Chief Financial Officer and Treasurer<BR>
(Principal Financial and Accounting Officer)
</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="3">June&nbsp;11, 2001</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A majority of the Board of Directors (Scott E. Stouffer, Peter J.
Minihane, Grant G. Behrman, Mark F. Benson, Ted H. McCourtney and William J.
Smith).

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" align="center">
<TR valign="bottom">
        <TD width="13%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="23%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="46%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="left" valign="top">Date:</TD>
        <TD></TD>
        <TD  align="left" valign="top">
June 11, 2001
</TD>
        <TD></TD>
        <TD  align="left" valign="top">By:
</TD>
        <TD></TD>
        <TD  align="left" valign="top"><U>/s/Nancy A. Spangler</U></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"></TD>
        <TD></TD>
        <TD  align="left" valign="top">
</TD>
        <TD></TD>
        <TD  align="left" valign="top">
</TD>
        <TD></TD>
        <TD  align="left" valign="top">Nancy A. Spangler<BR>
Attorney-In-Fact</TD>
</TR>
</TABLE>
</CENTER>
<P align="center">-5-
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<P align="center"><B>EXHIBIT INDEX</B>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" align="center">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="left"><FONT size="3">EXHIBIT</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="left"><FONT size="3"><U>NUMBER</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="left"><FONT size="3"><U>DESCRIPTION</B></FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top">4.1</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Amended and Restated Certificate of Incorporation (incorporated by
reference to Exhibit 3.1 to the Corporation&#146;s Quarterly Report on
Form 10-Q for the three months ended June 30, 1999 (File No.
000-23699))</TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top">4.1.1</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Certificate of Amendment to the Amended and Restated Certificate
of Incorporation (incorporated by reference to Exhibit 3.1.1 to
the Corporation&#146;s Registration Statement on Form S-4 (File No.
333-33946))</TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top">4.2</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Restated Bylaws (incorporated by reference to Exhibit 3.2 to the
Corporation&#146;s Registration Statement on Form S-1, as amended (File
No. 333-41517))</TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top">4.3</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Visual Networks, Inc. 1999 Employee Stock Purchase Plan (As
Amended, April 11, 2001) (incorporated by reference to Appendix B
to the Corporation&#146;s Proxy Statement on Form DEF 14A (File No.
000-23699))</TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top">5.1</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Opinion of Piper Marbury Rudnick &#38; Wolfe LLP, counsel for the
Registrant, regarding the legal validity of the shares of Common
Stock being registered for issuance under the Plan (filed herewith)</TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top">23.1</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Consent of Counsel (contained in Exhibit 5.1)</TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top">23.2</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Consent of Independent Public Accountants (filed herewith)</TD>
</TR>
<TR><TD><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top">24.1</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Power of Attorney (filed herewith)</TD>
</TR>
</TABLE>
</CENTER>
<P align="center">-6-
</BODY>
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s-8
As filed with the Securities and Exchange Commission on June 13, 2001
Registration No. 333-________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
VISUAL NETWORKS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
52-1837515
(I.R.S. Employer Identification No.)
2092 Gaither Road
Rockville, Maryland
(Address of principal executive offices)
20850
(Zip code)
Visual Networks, Inc. 1999 Employee Stock Purchase Plan
(As Amended, April 11, 2001)
(Full title of plan)
(Name, address and telephone
number of agent for service:)
Peter J. Minihane
Executive Vice President,
Chief Financial Officer and Treasurer
Visual Networks, Inc.
2092 Gaither Road
Rockville, Maryland 20850
(301) 296-2300
(Copy to:)
Nancy A. Spangler, Esquire
Piper Marbury Rudnick & Wolfe LLP
1850 Centennial Park Drive, Suite 610
Commerce Executive Park III
Reston, Virginia 20191
(703) 390-5240
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Amount
Maximum
Maximum
Amount of
to be
Offering
Aggregate
Registration
Title of Securities to be Registered
Registered(1)(2)
Price Per Unit(3)
Offering Price(3)
Fee(3)(4)
Common Stock, $0.01 par value
750,000
$
6.47
$
4,852,500
$
1,213.13
(1)
An aggregate of 1,150,000 shares of Common Stock may be offered or
issued pursuant to the Visual Networks, Inc. 1999 Employee Stock Purchase Plan
(As Amended, April 11, 2001), 400,000 of which were previously registered on
Form S-8 (File No. 333-85031) and 750,000 of which are registered on this Form
S-8.
(2)
In addition, pursuant to Rule 416 under the Securities Act of 1933, as
amended, this Registration Statement also covers an indeterminate number of
shares of Common Stock that may be offered or issued by reason of stock splits,
stock dividends or similar transactions and an indeterminate number of plan
participation interests to be offered or sold pursuant to the Visual Networks,
Inc. 1999 Employee Stock Purchase Plan (As Amended, April 11, 2001).
(3)
Estimated solely for purposes of calculating the registration fee pursuant
to Rule 457(c) and (h). The proposed maximum offering price per share,
proposed maximum aggregate offering price and the amount of the registration
fee are based on the average of the high and low prices of Visual Networks,
Inc. Common Stock reported on the Nasdaq National Market on June 5, 2001 (i.e.,
$6.47). Pursuant to Rule 457(h)(2), no separate registration fee is provided
for the participation interests in the Visual Networks, Inc. 1999 Employee
Stock Purchase Plan (As Amended, April 11, 2001).
(4)
Pursuant to General Instruction E of Form S-8, the registration fee is
calculated with respect to the additional securities registered on this Form
S-8 only.
-2-
INCORPORATION OF DOCUMENTS BY REFERENCE
In accordance with General Instruction E to Form S-8, the contents of the
Registration Statement filed by Visual Networks, Inc. (the "Corporation" or the
"Registrant") with the Securities and Exchange Commission (the "Commission")
(File No. 333-85031), with respect to securities offered pursuant to the
Corporation's 1999 Employee Stock Purchase Plan, are hereby incorporated by
reference.
All documents filed by the Corporation pursuant to Sections 13(a), 13(c),
14 or 15(d) of the Securities Exchange Act of 1934, as amended, subsequent to
the date of this Registration Statement and prior to the filing of a
post-effective amendment that indicates that all securities offered have been
sold or that deregisters all securities remaining unsold shall be deemed to be
incorporated by reference into this Registration Statement and to be a part
hereof from the date of filing such documents.
Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or
is deemed to be incorporated by reference herein modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute part of this Registration
Statement.
-3-
EXHIBITS
EXHIBIT
NUMBER
DESCRIPTION
4.1
Amended and Restated Certificate of Incorporation (incorporated by
reference to Exhibit 3.1 to the Corporation's Quarterly Report on
Form 10-Q for the three months ended June 30, 1999 (File No.
000-23699))
4.1.1
Certificate of Amendment to the Amended and Restated Certificate
of Incorporation (incorporated by reference to Exhibit 3.1.1 to
the Corporation's Registration Statement on Form S-4 (File No.
333-33946))
4.2
Restated Bylaws (incorporated by reference to Exhibit 3.2 to the
Corporation's Registration Statement on Form S-1, as amended (File
No. 333-41517))
4.3
Visual Networks, Inc. 1999 Employee Stock Purchase Plan (As
Amended, April 11, 2001) (incorporated by reference to Appendix B
to the Corporation's Proxy Statement on Form DEF 14A (File No.
000-23699))
5.1
Opinion of Piper Marbury Rudnick & Wolfe LLP, counsel for the
Registrant, regarding the legal validity of the shares of Common
Stock being registered for issuance under the Plan (filed
herewith)
23.1
Consent of Counsel (contained in Exhibit 5.1)
23.2
Consent of Independent Public Accountants (filed herewith)
24.1
Power of Attorney (filed herewith)
-4-
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Rockville, State of Maryland, on the 11th day
of June, 2001.
VISUAL NETWORKS, INC
By:
/s/ Scott Stouffer
Scott E. Stouffer
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, as amended,
the Administrator of the Visual Networks, Inc. 1999 Employee Stock Purchase
Plan (As Amended, April 11, 2001) has duly caused this Registration Statement
to be signed on its behalf by the undersigned, thereunto duly authorized in the
City of Reston, Commonwealth of Virginia, on the 11th day of June, 2001.
VISUAL NETWORKS, INC.
1999 Employee Stock Purchase Plan
(As Amended, April 11, 2001)
All the members of the Compensation
Committee of the Board of Directors of Visual Networks, Inc.
By:
/s/ Nancy A. Spangler
Nancy A. Spangler
Attorney-In-Fact
Pursuant to the requirements of the Securities Act of 1933, this Form S-8
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature
Title
Date
/s/ Scott E. Stouffer
Scott E. Stouffer
Chairman of the Board, President and Chief
Executive Officer
(Principal Executive Officer)
June 11, 2001
/s/ Peter J. Minihane
Peter J. Minihane
Executive Vice President,
Chief Financial Officer and Treasurer
(Principal Financial and Accounting Officer)
June 11, 2001
A majority of the Board of Directors (Scott E. Stouffer, Peter J.
Minihane, Grant G. Behrman, Mark F. Benson, Ted H. McCourtney and William J.
Smith).
Date:
June 11, 2001
By:
/s/Nancy A. Spangler
Nancy A. Spangler
Attorney-In-Fact
-5-
EXHIBIT INDEX
EXHIBIT
NUMBER
DESCRIPTION
4.1
Amended and Restated Certificate of Incorporation (incorporated by
reference to Exhibit 3.1 to the Corporation's Quarterly Report on
Form 10-Q for the three months ended June 30, 1999 (File No.
000-23699))
4.1.1
Certificate of Amendment to the Amended and Restated Certificate
of Incorporation (incorporated by reference to Exhibit 3.1.1 to
the Corporation's Registration Statement on Form S-4 (File No.
333-33946))
4.2
Restated Bylaws (incorporated by reference to Exhibit 3.2 to the
Corporation's Registration Statement on Form S-1, as amended (File
No. 333-41517))
4.3
Visual Networks, Inc. 1999 Employee Stock Purchase Plan (As
Amended, April 11, 2001) (incorporated by reference to Appendix B
to the Corporation's Proxy Statement on Form DEF 14A (File No.
000-23699))
5.1
Opinion of Piper Marbury Rudnick & Wolfe LLP, counsel for the
Registrant, regarding the legal validity of the shares of Common
Stock being registered for issuance under the Plan (filed herewith)
23.1
Consent of Counsel (contained in Exhibit 5.1)
23.2
Consent of Independent Public Accountants (filed herewith)
24.1
Power of Attorney (filed herewith)
-6-