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  <TITLE>Prepared by R.R. Donnelley Financial -- Form 8-K</TITLE>
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   <HR SIZE="4" NOSHADE COLOR="#000000" ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>UNITED STATES </B></FONT></DIV> <DIV ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>Washington, DC 20549 </B></FONT></DIV> <DIV><FONT
  SIZE="1">&nbsp;</FONT></DIV> <HR NOSHADE WIDTH="21%" COLOR="#000000"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>FORM 8-K </B></FONT></DIV> <DIV><FONT
  SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Current Report Pursuant </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>to Section 13 or 15(d)
  of the </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Securities Exchange Act of 1934 </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000"><B>Date of Report (Date of earliest event reported): May 21, 2002 </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <HR NOSHADE WIDTH="21%" COLOR="#000000"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="6" COLOR="#000000"><B>REDBACK NETWORKS INC. </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Exact Name of Registrant as Specified in its Charter) </B></FONT></DIV>
  <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
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  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Delaware</B></FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>000-25853</B></FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>77-0438443</B></FONT></DIV> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(State or Other Jurisdiction</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>of
  Incorporation)</B></FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Commission File</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"
  COLOR="#000000"><B>Number)</B></FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(I.R.S. Employer</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Identification
  Number)</B></FONT></DIV> </TD> </TR>
   </TABLE> </DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>300 Holger Way San Jose, CA 95134 </B></FONT></DIV> <DIV
  ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>(408) 750&#150;5000 </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Address, including zip code, and telephone number, including
  area code, of principal executive offices) </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <HR SIZE="4" NOSHADE COLOR="#000000" ALIGN="left">
  
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   <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>ITEM 5.&nbsp;&nbsp;&nbsp;&nbsp;</B><B><I></I></B><B></B><B><I>Other Events.</I></B><B>
  </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">On May 21, 2002, Redback Networks Inc., a Delaware corporation (the &#147;<B>Company</B>&#148;), and Nokia
  Finance International BV, a private company with limited liability organized under the laws of the Netherlands (&#147;<B>Investor</B>&#148;), entered into a Common Stock and Warrant Purchase Agreement (the &#147;<B>Purchase Agreement</B>&#148;),
  pursuant to which, among other things, the Company (i) sold and issued to Investor 17,723,297 shares (the &#147;<B>Initial Shares</B>&#148;) of the Company&#146;s common stock (the &#147;<B>Common Stock</B>&#148;), at a purchase price equal to $2.02
  per share (or $35,801,060 in the aggregate), and (ii) issued to Investor a Common Stock Purchase Warrant (the &#147;<B>Warrant</B>&#148;) that provides, among other things, for the right of Investor to purchase that number of shares of Common Stock
  as may be necessary to increase Investor&#146;s holdings to up to an aggregate of 31,901,467 shares of Common Stock, including the Initial Shares issued to Investor and any shares of Common Stock purchased by Investor pursuant to its pre-emptive
  rights. In addition, the Company and Investor intend to expand their existing commercial relationship in the future. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">In connection with the sale of the Initial Shares and the issuance of the Warrant to Investor, the Company and Investor also entered into an Investor&#146;s Rights Agreement (the &#147;<B>Investor&#146;s Rights Agreement</B>&#148;)
  pursuant to which, among other things, the Company granted to Investor certain (i) registration rights (including &#147;S-3,&#148; &#147;demand&#148; and &#147;piggy-back&#148; rights) with respect to any shares of Common Stock acquired by Investor
  pursuant to the Purchase Agreement, the Warrant or the Investor&#146;s Rights Agreement, and (ii) pre-emptive rights with respect to certain dilutive events. The Investor&#146;s Rights Agreement also provides that Investor will be subject to certain
  standstill and voting limitations with respect to the Initial Shares, the shares of Common Stock issued upon exercise of the Warrant and any shares of the Company&#146;s common stock acquired by Investor pursuant to its rights set forth in Sections
  3, 8(b) and 8(c) of the Investor&#146;s Rights Agreement. The rights set forth in the Warrant and the Investor&#146;s Rights Agreement will terminate in accordance with the terms and conditions set forth in such agreements. </FONT></DIV> <DIV><FONT
  SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">In addition, in connection with the transactions described above, on May 21, 2002, the Company and US Stock Transfer Corporation executed
  an amendment (the &#147;<B>Rights Amendment</B>&#148;) to its Rights Agreement, entered on June 12, 2001 (the &#147;<B>Rights Agreement</B>&#148;). The Rights Agreement provides that Investor will not be deemed an &#147;Acquiring Person&#148; under
  the Rights Agreement on account of its acquisition of shares of Common Stock pursuant to the Purchase Agreement, the Warrant or the certain purchase rights set forth in the Investor&#146;s Rights Agreement. </FONT></DIV> <DIV><FONT
  SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">A copy of the Purchase Agreement, excluding the schedules, is included herein as <I>Exhibit 2.1</I>, a copy of the Warrant is included
  herein as <I>Exhibit </I><I>2.2</I> and a </FONT></DIV> <P></P>
   <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2 </FONT></DIV>
  
  
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   <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">copy of the Investor&#146;s Rights Agreement is included herein as <I>Exhibit 4.1</I>, and each are
  incorporated herein by reference. The foregoing description of the Purchase Agreement, the Warrant or the Investor&#146;s Rights Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by
  reference to such exhibits. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The Amendment to the Rights Agreement, specifying the terms of the Rights, and the
  Rights Agreement, including the form of the Rights Certificate, are incorporated herein by reference. The foregoing description of the Rights and the Amendment does not purport to be complete and is qualified in its entirety by reference to such
  exhibits. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>ITEM 7.&nbsp;&nbsp;&nbsp;&nbsp;</B><B><I>Financial Statements And Exhibits.</I></B><B> </B></FONT></DIV> <DIV><FONT
  SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(c)&nbsp;&nbsp;Exhibits. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
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  <TD VALIGN="top" ALIGN="right" WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.1</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="93%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Common Stock and Warrant Purchase Agreement, dated as of May 21, 2002, between Redback Networks Inc. and Nokia Finance
  International BV.</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.2</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="93%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Common Stock Purchase Warrant, dated as of May 21, 2002, issued to Nokia Finance International BV by Redback Networks
  Inc. +</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">4.1</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="93%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Investor&#146;s Rights Agreement, dated as of May 21, 2002, between Redback Networks Inc. and Nokia Finance
  International BV. +</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.1</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="93%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Text of Press Release, dated May 22, 2002, titled &#147;Nokia Makes Investment in Redback Networks,&#148; as filed with
  the Securities and Exchange Commission on Form 8-K on May 24, 2002, and incorporated herein by reference.</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.2</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="93%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Rights Agreement dated June 12, 2001, by and between the Company and US Stock Transfer Corporation, including the
  Certificate of Designation, the form of Rights Certificate and the Summary of Rights attached as Exhibits A, B and C, respectively thereto, as filed with the Securities and Exchange Commission on Form 8-A on June 15, 2001, and incorporated herein by
  reference.</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.3</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="93%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Amendment to the Rights Agreement dated May 21, 2002, by and between the Company and US Stock Transfer Corporation, as
  filed with the Securities and Exchange Commission on Form 8-A/A on May&nbsp;31, 2002, and incorporated herein by reference.</FONT></DIV> </TD> </TR>
   </TABLE> </DIV> <HR NOSHADE WIDTH="10%" COLOR="#000000" ALIGN="left">
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  <TR>
  <TD WIDTH="3%" VALIGN="top" ALIGN="left"><DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">+</FONT></DIV></TD>
  <TD WIDTH="1%" VALIGN="top"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV></TD>
  <TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Confidential treatment has been requested with respect to certain portions of this exhibit. Omitted portions have been filed separately with the Securities and
  Exchange Commission. </FONT></DIV> </TD></TR></TABLE>
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  <TR>
  <TD WIDTH="4%" VALIGN="top" ALIGN="left"></TD></TR></TABLE> <P></P>
   <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">3 </FONT></DIV>
  
  
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   <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>SIGNATURES </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
  STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
  authorized. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="right">
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  <TD VALIGN="top" COLSPAN="3" WIDTH="43%"> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">R<SMALL>EDBACK</SMALL> N<SMALL>ETWORKS</SMALL> I<SMALL>NC</SMALL>.</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="16"> </TD> </TR>
  <TR>
  <TD VALIGN="top" WIDTH="3%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">By:</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="43%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">/s/&nbsp;&nbsp;&nbsp;&nbsp;D<SMALL>ENNIS</SMALL> P. W<SMALL>OLF</SMALL> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></DIV> <HR
  NOSHADE COLOR="#000000" ALIGN="left"></TD> </TR>
  <TR>
  <TD> <FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" ALIGN="center" WIDTH="43%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Dennis P. Wolf</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Senior Vice
  President of Finance</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>and&nbsp;Administration, Chief Financial Officer</B></FONT></DIV> </TD> </TR>
   </TABLE> </DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Date: May 31, 2002 </FONT></DIV> <P></P>
   <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">4 </FONT></DIV>
  
  
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   <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>EXHIBIT INDEX </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
  ALIGN="center">
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  <TD VALIGN="bottom" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Exhibit Number</B></FONT></DIV> <HR SIZE="2" NOSHADE WIDTH="44" COLOR="#000000"></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="91%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Description</B></FONT></DIV> <HR SIZE="2" NOSHADE WIDTH="65" COLOR="#000000"></TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.1</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="91%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Common Stock and Warrant Purchase Agreement, dated as of May 21, 2002, between Redback Networks Inc. and Nokia
  Finance International BV.</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.2</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="91%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Common Stock Purchase Warrant, dated as of May 21, 2002, issued to Nokia Finance International BV by Redback Networks
  Inc. +</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">4.1</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="91%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Investor&#146;s Rights Agreement, dated as of May 21, 2002, between Redback Networks Inc. and Nokia Finance
  International BV. +</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.1</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="91%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Text of Press Release, dated May 22, 2002, titled &#147;Nokia Makes Investment in Redback Networks,&#148; as filed with
  the Securities and Exchange Commission on Form 8-K on May 24, 2002, and incorporated herein by reference.</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.2</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="91%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Rights Agreement dated June 12, 2001, by and between the Company and US Stock Transfer Corporation, including the
  Certificate of Designation, the form of Rights Certificate and the Summary of Rights attached as Exhibits A, B and C, respectively thereto, as filed with the Securities and Exchange Commission on Form 8-A on June 15, 2001, and incorporated herein by
  reference.</FONT></DIV> </TD> </TR>
  <TR>
  <TD HEIGHT="5"> </TD> </TR>
  <TR>
  <TD VALIGN="top" ALIGN="right" WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.3</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="91%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Amendment to the Rights Agreement dated May 21, 2002, by and between the Company and US Stock Transfer Corporation, as
  filed with the Securities and Exchange Commission on Form&nbsp;8-A/A on May&nbsp;31, 2002, and incorporated herein by reference.</FONT></DIV> </TD> </TR>
   </TABLE> </DIV> <HR NOSHADE WIDTH="10%" COLOR="#000000" ALIGN="left">
  <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
  <TR>
  <TD WIDTH="3%" VALIGN="top" ALIGN="left"><DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">+</FONT></DIV></TD>
  <TD WIDTH="1%" VALIGN="top"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV></TD>
  <TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Confidential treatment has been requested with respect to certain portions of this exhibit. Omitted portions have been filed separately with the Securities and
  Exchange Commission. </FONT></DIV> </TD></TR></TABLE>
  <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
  <TR>
  <TD WIDTH="3%" VALIGN="top" ALIGN="left"></TD></TR></TABLE> <P></P>
   <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">5 </FONT></DIV>
  
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metadata_filer: {"company-data": {"conformed-name": "REDBACK NETWORKS INC", "cik": "0001081290", "assigned-sic": "7389", "irs-number": "770438443", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25853", "film-number": "02668294"}, "business-address": {"street1": "250 HOLGER WAY", "city": "SAN JOSE", "state": "CA", "zip": "95134", "phone": "4085715000"}, "mail-address": {"street1": "1195 BORREGAS AVE", "city": "SUNNYVALE", "state": "CA", "zip": "94089"}}
text: Prepared by R.R. Donnelley Financial -- Form 8-K
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, DC 20549
  FORM 8-K
  Current Report Pursuant
  to Section 13 or 15(d)
  of the
  Securities Exchange Act of 1934
  Date of Report (Date of earliest event reported): May 21, 2002
  REDBACK NETWORKS INC.
  (Exact Name of Registrant as Specified in its Charter)
  Delaware
  000-25853
  77-0438443
  (State or Other Jurisdiction
  of
  Incorporation)
  (Commission File
  Number)
  (I.R.S. Employer
  Identification
  Number)
  300 Holger Way San Jose, CA 95134
  (408) 750–5000
  (Address, including zip code, and telephone number, including
  area code, of principal executive offices)
  ITEM 5.
  Other Events.
  On May 21, 2002, Redback Networks Inc., a Delaware corporation (the "
  Company
  "), and Nokia
  Finance International BV, a private company with limited liability organized under the laws of the Netherlands ("
  Investor
  "), entered into a Common Stock and Warrant Purchase Agreement (the "
  Purchase Agreement
  "),
  pursuant to which, among other things, the Company (i) sold and issued to Investor 17,723,297 shares (the "
  Initial Shares
  ") of the Company's common stock (the "
  Common Stock
  "), at a purchase price equal to $2.02
  per share (or $35,801,060 in the aggregate), and (ii) issued to Investor a Common Stock Purchase Warrant (the "
  Warrant
  ") that provides, among other things, for the right of Investor to purchase that number of shares of Common Stock
  as may be necessary to increase Investor's holdings to up to an aggregate of 31,901,467 shares of Common Stock, including the Initial Shares issued to Investor and any shares of Common Stock purchased by Investor pursuant to its pre-emptive
  rights. In addition, the Company and Investor intend to expand their existing commercial relationship in the future.
  In connection with the sale of the Initial Shares and the issuance of the Warrant to Investor, the Company and Investor also entered into an Investor's Rights Agreement (the "
  Investor's Rights Agreement
  ")
  pursuant to which, among other things, the Company granted to Investor certain (i) registration rights (including "S-3," "demand" and "piggy-back" rights) with respect to any shares of Common Stock acquired by Investor
  pursuant to the Purchase Agreement, the Warrant or the Investor's Rights Agreement, and (ii) pre-emptive rights with respect to certain dilutive events. The Investor's Rights Agreement also provides that Investor will be subject to certain
  standstill and voting limitations with respect to the Initial Shares, the shares of Common Stock issued upon exercise of the Warrant and any shares of the Company's common stock acquired by Investor pursuant to its rights set forth in Sections
  3, 8(b) and 8(c) of the Investor's Rights Agreement. The rights set forth in the Warrant and the Investor's Rights Agreement will terminate in accordance with the terms and conditions set forth in such agreements.
  In addition, in connection with the transactions described above, on May 21, 2002, the Company and US Stock Transfer Corporation executed
  an amendment (the "
  Rights Amendment
  ") to its Rights Agreement, entered on June 12, 2001 (the "
  Rights Agreement
  "). The Rights Agreement provides that Investor will not be deemed an "Acquiring Person" under
  the Rights Agreement on account of its acquisition of shares of Common Stock pursuant to the Purchase Agreement, the Warrant or the certain purchase rights set forth in the Investor's Rights Agreement.
  A copy of the Purchase Agreement, excluding the schedules, is included herein as
  Exhibit 2.1
  , a copy of the Warrant is included
  herein as
  Exhibit
  2.2
  and a
  2
  copy of the Investor's Rights Agreement is included herein as
  Exhibit 4.1
  , and each are
  incorporated herein by reference. The foregoing description of the Purchase Agreement, the Warrant or the Investor's Rights Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by
  reference to such exhibits.
  The Amendment to the Rights Agreement, specifying the terms of the Rights, and the
  Rights Agreement, including the form of the Rights Certificate, are incorporated herein by reference. The foregoing description of the Rights and the Amendment does not purport to be complete and is qualified in its entirety by reference to such
  exhibits.
  ITEM 7.
  Financial Statements And Exhibits.
  (c)  Exhibits.
  2.1
  Common Stock and Warrant Purchase Agreement, dated as of May 21, 2002, between Redback Networks Inc. and Nokia Finance
  International BV.
  2.2
  Common Stock Purchase Warrant, dated as of May 21, 2002, issued to Nokia Finance International BV by Redback Networks
  Inc. +
  4.1
  Investor's Rights Agreement, dated as of May 21, 2002, between Redback Networks Inc. and Nokia Finance
  International BV. +
  99.1
  Text of Press Release, dated May 22, 2002, titled "Nokia Makes Investment in Redback Networks," as filed with
  the Securities and Exchange Commission on Form 8-K on May 24, 2002, and incorporated herein by reference.
  99.2
  Rights Agreement dated June 12, 2001, by and between the Company and US Stock Transfer Corporation, including the
  Certificate of Designation, the form of Rights Certificate and the Summary of Rights attached as Exhibits A, B and C, respectively thereto, as filed with the Securities and Exchange Commission on Form 8-A on June 15, 2001, and incorporated herein by
  reference.
  99.3
  Amendment to the Rights Agreement dated May 21, 2002, by and between the Company and US Stock Transfer Corporation, as
  filed with the Securities and Exchange Commission on Form 8-A/A on May 31, 2002, and incorporated herein by reference.
  +
  Confidential treatment has been requested with respect to certain portions of this exhibit. Omitted portions have been filed separately with the Securities and
  Exchange Commission.
  3
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
  authorized.
  R
  EDBACK
  N
  ETWORKS
  I
  NC
  .
  By:
  /s/    D
  ENNIS
  P. W
  OLF
  Dennis P. Wolf
  Senior Vice
  President of Finance
  and Administration, Chief Financial Officer
  Date: May 31, 2002
  4
  EXHIBIT INDEX
  Exhibit Number
  Description
  2.1
  Common Stock and Warrant Purchase Agreement, dated as of May 21, 2002, between Redback Networks Inc. and Nokia
  Finance International BV.
  2.2
  Common Stock Purchase Warrant, dated as of May 21, 2002, issued to Nokia Finance International BV by Redback Networks
  Inc. +
  4.1
  Investor's Rights Agreement, dated as of May 21, 2002, between Redback Networks Inc. and Nokia Finance
  International BV. +
  99.1
  Text of Press Release, dated May 22, 2002, titled "Nokia Makes Investment in Redback Networks," as filed with
  the Securities and Exchange Commission on Form 8-K on May 24, 2002, and incorporated herein by reference.
  99.2
  Rights Agreement dated June 12, 2001, by and between the Company and US Stock Transfer Corporation, including the
  Certificate of Designation, the form of Rights Certificate and the Summary of Rights attached as Exhibits A, B and C, respectively thereto, as filed with the Securities and Exchange Commission on Form 8-A on June 15, 2001, and incorporated herein by
  reference.
  99.3
  Amendment to the Rights Agreement dated May 21, 2002, by and between the Company and US Stock Transfer Corporation, as
  filed with the Securities and Exchange Commission on Form 8-A/A on May 31, 2002, and incorporated herein by reference.
  +
  Confidential treatment has been requested with respect to certain portions of this exhibit. Omitted portions have been filed separately with the Securities and
  Exchange Commission.
  5