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<TITLE>Network Equipment Technologies, Inc.</TITLE>
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<META NAME="date" CONTENT="12/09/2011">
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<P style="margin:0px" align=center><B>As filed with the Securities and Exchange Commission on December 9, 2011</B></P>
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<TR><TD style="border-bottom:2px solid #000000" valign=top width=624><P style="margin:0px; padding-left:442.8px"><B>Registration No.&nbsp;333-</B></P>
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<P style="margin-top:6.667px; margin-bottom:0px" align=center><B>UNITED STATES</B></P>
<P style="margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center>Washington, D.C. 20549</P>
<P style="margin:0px" align=center>________________</P>
<P style="line-height:16pt; margin-top:9.333px; margin-bottom:0px; font-size:14pt" align=center><B>FORM S-8</B></P>
<P style="margin:0px" align=center><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></P>
<P style="margin-top:0px; margin-bottom:6.667px" align=center>________________</P>
<P style="line-height:16pt; margin:0px; font-size:14pt" align=center><B>NETWORK EQUIPMENT TECHNOLOGIES, INC.</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=165.533></TD><TD width=78.4></TD><TD width=185.267></TD></TR>
<TR><TD valign=top width=165.533><P style="margin-top:0px; margin-bottom:13.333px" align=center><B>Delaware</B></P>
</TD><TD valign=top width=78.4><P>&nbsp;</P></TD><TD width=185.267><P style="margin-top:0px; margin-bottom:13.333px" align=center><B>94-2904044</B></P>
</TD></TR>
<TR><TD valign=top width=165.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=center>(State or Other Jurisdiction of Incorporation or Organization)</P>
</TD><TD valign=top width=78.4><P>&nbsp;</P></TD><TD valign=top width=185.267><P style="line-height:10pt; margin:0px; font-size:8pt" align=center>(I.R.S. Employer<BR>
Identification No.)</P>
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<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>6900 Paseo Padre Parkway</B></P>
<P style="margin:0px" align=center><B>Fremont, California &nbsp;94555</B></P>
<P style="margin:0px; padding-left:96px; text-indent:-96px" align=center><B>(510) 713-7300</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center>(Address, including zip code, and telephone number, including area code, of registrant&#146;s principal executive offices)</P>
<P style="margin-top:0px; margin-bottom:6.667px" align=center>________________</P>
<P style="line-height:16pt; margin:0px; font-size:14pt" align=center><B>2008 EQUITY INCENTIVE PLAN</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center>(Full title of the plan)</P>
<P style="margin-top:0px; margin-bottom:6.667px" align=center>________________</P>
<P style="margin:0px" align=center><B>Frank Slattery, Esq.</B></P>
<P style="margin:0px" align=center><B>Vice President and Secretary</B></P>
<P style="margin:0px" align=center><B>Network Equipment Technologies, Inc.</B></P>
<P style="margin:0px" align=center><B>6900 Paseo Padre Parkway</B></P>
<P style="margin:0px" align=center><B>Fremont, California 94555-3660</B></P>
<P style="margin:0px" align=center><B>(510) 713-7300</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center>(Name, address, including zip code, and telephone number, including area code, of agent for service)</P>
<P style="margin-top:0px; margin-bottom:6.667px" align=center>________________</P>
<P style="margin:0px" align=center><B><I>Copy to:</I></B></P>
<P style="margin:0px" align=center><B>Timothy G. Hoxie, Esq.</B></P>
<P style="margin:0px" align=center><B>Jones Day</B></P>
<P style="margin:0px" align=center><B>555 California Street, 26th Floor</B></P>
<P style="margin:0px" align=center><B>San Francisco, California 94104</B></P>
<P style="margin:0px" align=center><B>(415) 626-3939</B></P>
<P style="margin-top:0px; margin-bottom:6.667px" align=center>________________</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=319.2></TD><TD width=319.2></TD></TR>
<TR><TD valign=top width=638.4 colspan=2><P style="margin:0px">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act.</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="margin:0px" align=center>Large accelerated filer&nbsp;&nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
</TD><TD valign=top width=319.2><P style="margin:0px" align=center>Accelerated filer&nbsp;&nbsp;<FONT style="font-family:Wingdings">x</FONT></P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="margin:0px" align=center>Non-accelerated filer&nbsp;&nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center>(Do not check if a smaller reporting company)</P>
</TD><TD valign=top width=319.2><P style="margin:0px" align=center>Smaller reporting company&nbsp;&nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:6.667px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:6.667px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:6.667px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:6.667px" align=center>CALCULATION OF REGISTRATION FEE</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=240></TD><TD width=96.933></TD><TD width=96.933></TD><TD width=96.933></TD><TD width=96.933></TD></TR>
<TR><TD style="border-top:3px double #000000; border-right:1px solid #000000" valign=bottom width=240><P style="margin:0px" align=center><B>Title of Securities<BR>
to be Registered</B></P>
</TD><TD style="border-top:3px double #000000; border-right:1px solid #000000" valign=bottom width=96.933><P style="margin:0px" align=center><B>Amount</B></P>
<P style="margin:0px" align=center><B>to be</B></P>
<P style="margin:0px" align=center><B>Registered(1)</B></P>
</TD><TD style="border-top:3px double #000000; border-right:1px solid #000000" valign=bottom width=96.933><P style="margin:0px" align=center><B>Proposed</B></P>
<P style="margin:0px" align=center><B>Maximum</B></P>
<P style="margin:0px" align=center><B>Offering</B></P>
<P style="margin:0px" align=center><B>Price<BR>
per Share(2)</B></P>
</TD><TD style="border-top:3px double #000000; border-right:1px solid #000000" valign=bottom width=96.933><P style="margin:0px" align=center><B>Proposed</B></P>
<P style="margin:0px" align=center><B>Maximum</B></P>
<P style="margin:0px" align=center><B>Aggregate</B></P>
<P style="margin:0px" align=center><B>Offering</B></P>
<P style="margin:0px" align=center><B>Price</B></P>
</TD><TD style="border-top:3px double #000000" valign=bottom width=96.933><P style="margin:0px" align=center><B>Amount of</B></P>
<P style="margin:0px" align=center><B>Registration</B></P>
<P style="margin:0px" align=center><B>Fee</B></P>
</TD></TR>
<TR><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=240><P style="margin-top:2.2px; margin-bottom:2.2px" align=center>Common Stock, par value $0.01 per share</P>
</TD><TD style="border-left:1px solid #000000; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96.933><P style="margin-top:2.2px; margin-bottom:2.2px" align=center>1,400,000(3)</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96.933><P style="margin-top:2.2px; margin-bottom:2.2px" align=center>$1.44</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96.933><P style="margin-top:2.2px; margin-bottom:2.2px" align=center>$2,016,000</P>
</TD><TD style="border-left:1px solid #000000; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96.933><P style="margin-top:2.2px; margin-bottom:2.2px" align=center>$231.03</P>
</TD></TR>
</TABLE>
<P style="margin-top:3.333px; margin-bottom:-16px; padding-left:24px; text-indent:-24px">(1)</P>
<P style="margin:0px; padding-left:24px">Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), this registration statement also covers any additional securities that may be offered or issued in connection with any stock split, stock dividend or similar transaction.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:24px; text-indent:-24px">(2)</P>
<P style="margin:0px; padding-left:24px">Estimated solely for the purpose of computing the amount of registration fee pursuant to Rule 457(c) under the Securities Act, based on the average of the high and low prices of the Registrant&#146;s Common Stock reported on the NASDAQ as of December 9, 2011.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:24px; text-indent:-24px">(3)</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:24px">Representing 1,400,000 shares added to the 2008 Equity Incentive Plan and increasing the maximum number of shares registered for issuance under such plan to a new total of 10,203,155.</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=638.4></TD></TR>
<TR><TD valign=top width=638.4><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px" align=center><B>PART II</B></P>
<P style="margin-top:0px; margin-bottom:13.333px" align=center><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px">This Registration Statement on Form S-8 is being filed for the purpose of increasing the number of securities of the same class as other securities for which a Registration Statement of Network Equipment Technologies, Inc. (the &#147;Registrant&#148;) on Form S-8 relating to the same employee benefit plan is effective. &nbsp;The Registrant&#146;s Form S-8 Registration Statements filed with the Securities and Exchange Commission (the &#147;Commission&#148;) on August 19, 2008 (File No. 333-153079) and October 30, 2009 (File No. 333-162748) are hereby incorporated by reference.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:60.467px; text-indent:-60.467px"><B>Item 3.</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:60.467px; text-indent:-0.467px"><B>Incorporation of Documents by Reference</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px">The following documents, which have been filed by the Registrant with the Securities and Exchange Commission (the &#147;Commission&#148;), are hereby incorporated by reference in this Registration Statement:</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-48px">(a)</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px">The Registrant&#146;s latest Annual Report on Form 10-K filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or the latest prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended, that contains audited financial statements for the Registrant&#146;s latest fiscal year for which such statements have been filed;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-48px">(b)</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px">All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant&#146;s latest annual report or prospectus referred to in (a) above; and </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-48px">(c)</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px">The description of the Registrant&#146;s Common Stock contained in the Registrant&#146;s Registration Statement on Form 8-A filed with the Commission on April 23, 2009 under Section 12 of the Exchange Act, including any amendment or report filed for the purpose of updating such description. </P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px">All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents. &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 that also is or is deemed to be incorporated by reference herein, modifies or supersedes such statement. &nbsp;Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:60.467px; text-indent:-60.467px"><B>Item 8.</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:60.467px; text-indent:-0.467px"><B>Exhibits</B></P>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:48px">Unless otherwise indicated below as being incorporated by reference to another filing by the Registrant with the Commission, each of the following exhibits is filed herewith</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=53.533></TD><TD width=18.4></TD><TD width=9.267></TD><TD width=474.267></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=53.533><P style="margin:0px; padding-left:-0.467px; padding-right:-2.067px" align=center>&nbsp;<BR>
<B>Exhibit Number</B></P>
</TD><TD valign=bottom width=18.4><P>&nbsp;</P></TD><TD valign=bottom width=9.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=474.267><P style="margin:0px" align=center><B>Description of Exhibit</B></P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:28.867px">4.1</P>
</TD><TD valign=top width=18.4><P style="margin-top:6.667px; margin-bottom:6.667px">(1)</P>
</TD><TD valign=top width=9.267><P>&nbsp;</P></TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Registrant&#146;s Certificate of Incorporation</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:28.867px">4.2</P>
</TD><TD valign=top width=18.4><P style="margin-top:6.667px; margin-bottom:6.667px">(2)</P>
</TD><TD valign=top width=9.267><P>&nbsp;</P></TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Registrant&#146;s Bylaws</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:28.867px">5.1</P>
</TD><TD valign=top width=18.4><P>&nbsp;</P></TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Opinion and Consent of Jones Day</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:22.2px">23.1</P>
</TD><TD valign=top width=18.4><P>&nbsp;</P></TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Consent of Deloitte &amp; Touche LLP, Independent Registered Public Accounting Firm</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:22.2px">23.2</P>
</TD><TD valign=top width=18.4><P>&nbsp;</P></TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Consent of Jones Day (filed as part of Exhibit 5.1)</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:22.2px">24.1</P>
</TD><TD valign=top width=18.4><P>&nbsp;</P></TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Power of Attorney (included on the signature pages of this Registration Statement)</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:22.2px">99.1</P>
</TD><TD valign=top width=18.4><P style="margin-top:6.667px; margin-bottom:6.667px">(3)</P>
</TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">2008 Equity Incentive Plan, as Amended</P>
</TD></TR>
</TABLE>
<P style="margin-top:6.667px; margin-bottom:0px"><BR></P>
<P style="margin-top:6.667px; margin-bottom:-16px; padding-left:66px; text-indent:-29.533px">(1)</P>
<P style="margin:0px; padding-left:66px">Previously filed with the Commission in the Registration Statement on Form S-8 (No. 333-153079), filed on August 19, 2008.</P>
<P style="margin-top:6.667px; margin-bottom:-16px; padding-left:66px; text-indent:-29.533px">(2)</P>
<P style="margin:0px; padding-left:66px">Previously filed with the Commission in the Current Report on Form 8-K (Commission File No. 001-10255), filed on October 30, 2007.</P>
<P style="margin-top:6.667px; margin-bottom:-16px; padding-left:66px; text-indent:-29.533px">(3)</P>
<P style="margin:0px; padding-left:66px">Previously filed with the Commission in the Proxy Statement (Commission File No. 001-10255), filed on July 6, 2011.</P>
<P style="margin-top:0px; margin-bottom:13.333px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:24px" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px">Pursuant to the requirements of the Securities Act, 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 Fremont, State of California, on this 9th day of December, 2011.</P>
<DIV align=right><TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=21.2></TD><TD width=298.133></TD></TR>
<TR><TD valign=top width=319.333 colspan=2><P style="margin:0px"><B>NETWORK&nbsp;EQUIPMENT&nbsp;TECHNOLOGIES,&nbsp;INC.</B></P>
</TD></TR>
<TR><TD width=319.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=21.2><P style="margin:0px">By:</P>
</TD><TD valign=bottom width=298.133><P style="margin:0px; padding-bottom:4px; border-bottom:1px solid #000000">&nbsp;/s/&nbsp;C. NICHOLAS KEATING, JR.</P>
</TD></TR>
<TR><TD valign=top width=21.2><P>&nbsp;</P></TD><TD valign=bottom width=298.133><P style="margin:0px" align=center><B>C.&nbsp;Nicholas Keating, Jr.</B></P>
<P style="margin:0px" align=center><B>President,&nbsp;Chief&nbsp;Executive&nbsp;Officer&nbsp;and&nbsp;Director</B></P>
</TD></TR>
</TABLE></DIV>
<P style="margin-top:13.333px; margin-bottom:6.667px" align=center><B>POWER OF ATTORNEY</B></P>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:24px">KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned officers and directors of Network Equipment Technologies, Inc., a Delaware corporation, do hereby constitute and appoint C. Nicholas Keating, Jr. and David Wagenseller, and each of them individually, the lawful attorneys-in-fact and agents, each with full power of substitution or re-substitution, with full power and authority to do any and all acts and things and to execute any and all instruments which said attorneys-in-fact and agents, or either one of them, determine may be necessary or advisable or required to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules or regulation or requirements of the Securities and Exchange Commission in connection with this Registration Statement. Without limiting the generality of the foregoing power and authority, the powers granted include the power and authority to sign the names of the undersigned officers and directors in the capacities indicated below to this Registration Statement, to any and all amendments, both pre-effective and post-effective, and supplements to this Registration Statement and to any and all instruments or documents filed as part of or in conjunction with this Registration Statement or amendments or supplements thereto, and each of the undersigned hereby ratifies and confirms all that said attorneys-in-fact and agents, or either one of them, shall do or cause to be done by virtue hereof. This Power of Attorney may be signed in several counterparts.</P>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:24px">IN WITNESS WHEREOF, each of the undersigned has executed this Power of Attorney as of the date indicated.</P>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:24px"><B>Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below by the following persons in the capacities and on the dates indicated. </B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=199.6></TD><TD width=1.8></TD><TD width=228.067></TD><TD width=1.8></TD><TD width=161.133></TD></TR>
<TR><TD valign=bottom width=199.6><P style="margin:0px" align=center><B><U>Signature</U></B></P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P style="margin:0px; padding-left:8.333px" align=center><B><U>Title</U></B></P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=161.133><P style="margin:0px; padding-left:8.333px" align=center><B><U>Date</U></B></P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=199.6><P style="margin:0px">&nbsp;/s/&nbsp;C. NICHOLAS KEATING, JR.</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P style="margin:0px; padding-left:8.333px">President, Chief Executive Officer and Director</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=161.133><P style="margin:0px" align=center>December 9, 2011</P>
</TD></TR>
<TR><TD valign=top width=199.6><P style="margin:0px" align=center><B>C. Nicholas Keating, Jr.</B></P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P>&nbsp;</P></TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=top width=161.133><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=199.6><P style="margin:0px">&nbsp;/s/&nbsp;DAVID WAGENSELLER</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P style="margin:0px; padding-left:8.333px">Vice President and Chief Financial Officer (Principal Financial Officer)</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=161.133><P style="margin:0px" align=center>December 9, 2011</P>
</TD></TR>
<TR><TD valign=top width=199.6><P style="margin:0px" align=center><B>David Wagenseller</B></P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P>&nbsp;</P></TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=top width=161.133><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=199.6><P style="margin:0px">&nbsp;/s/&nbsp;KAREN CARTE</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P style="margin:0px; padding-left:8.333px">Vice President, Finance (Principal Accounting Officer)</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=161.133><P style="margin:0px" align=center>December 9, 2011</P>
</TD></TR>
<TR><TD valign=top width=199.6><P style="margin:0px" align=center><B>Karen Carte</B></P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P>&nbsp;</P></TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=top width=161.133><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=199.6><P style="margin:0px">&nbsp;/s/&nbsp;DIXON R. DOLL</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P style="margin:0px; padding-left:8.333px">Chairman of the Board</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=161.133><P style="margin:0px" align=center>December 9, 2011</P>
</TD></TR>
<TR><TD valign=top width=199.6><P style="margin:0px" align=center><B>Dixon R. Doll</B></P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P>&nbsp;</P></TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=top width=161.133><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=199.6><P style="margin:0px">&nbsp;/s/&nbsp;FREDERICK D. D&#146;ALESSIO</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P style="margin:0px; padding-left:8.333px">Director</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=161.133><P style="margin:0px" align=center>December 9, 2011</P>
</TD></TR>
<TR><TD valign=top width=199.6><P style="margin:0px" align=center><B>Frederick D. D&#146;Alessio</B></P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P>&nbsp;</P></TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=top width=161.133><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=199.6><P style="margin:0px">&nbsp;/s/&nbsp;DAVID R. LAUBE</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P style="margin:0px; padding-left:8.333px">Director</P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=161.133><P style="margin:0px" align=center>December 9, 2011</P>
</TD></TR>
<TR><TD valign=top width=199.6><P style="margin:0px" align=center><B>David R. Laube</B></P>
</TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=bottom width=228.067><P>&nbsp;</P></TD><TD valign=bottom width=1.8><P>&nbsp;</P></TD><TD valign=top width=161.133><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:13.333px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:48px" align=center><B>INDEX TO EXHIBITS</B></P>
<P style="margin-top:0px; margin-bottom:6.667px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=53.533></TD><TD width=18.4></TD><TD width=9.267></TD><TD width=474.267></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=53.533><P style="margin:0px; padding-left:-0.467px; padding-right:-2.067px" align=center>&nbsp;<BR>
<B>Exhibit Number</B></P>
</TD><TD valign=bottom width=18.4><P>&nbsp;</P></TD><TD valign=bottom width=9.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=474.267><P style="margin:0px" align=center><B>Description of Exhibit</B></P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:28.867px">4.1</P>
</TD><TD valign=top width=18.4><P style="margin-top:6.667px; margin-bottom:6.667px">(1)</P>
</TD><TD valign=top width=9.267><P>&nbsp;</P></TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Registrant&#146;s Certificate of Incorporation</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:28.867px">4.2</P>
</TD><TD valign=top width=18.4><P style="margin-top:6.667px; margin-bottom:6.667px">(2)</P>
</TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Registrant&#146;s Bylaws</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:28.867px">5.1</P>
</TD><TD valign=top width=18.4><P>&nbsp;</P></TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Opinion and Consent of Jones Day</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:22.2px">23.1</P>
</TD><TD valign=top width=18.4><P>&nbsp;</P></TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Consent of Deloitte &amp; Touche LLP, Independent Registered Public Accounting Firm</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:22.2px">23.2</P>
</TD><TD valign=top width=18.4><P>&nbsp;</P></TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Consent of Jones Day (filed as part of Exhibit 5.1)</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:22.2px">24.1</P>
</TD><TD valign=top width=18.4><P>&nbsp;</P></TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">Power of Attorney (included on the signature pages of this Registration Statement)</P>
</TD></TR>
<TR><TD valign=top width=53.533><P style="margin-top:6.667px; margin-bottom:6.667px; text-indent:22.2px">99.1</P>
</TD><TD valign=top width=18.4><P style="margin-top:6.667px; margin-bottom:6.667px">(3)</P>
</TD><TD valign=top width=9.267><P style="margin:6.667px"><BR></P>
</TD><TD valign=top width=474.267><P style="margin-top:6.667px; margin-bottom:6.667px">2008 Equity Incentive Plan, As Amended</P>
</TD></TR>
</TABLE>
<P style="margin-top:6.667px; margin-bottom:0px"><BR></P>
<P style="margin-top:6.667px; margin-bottom:-16px; padding-left:66px; text-indent:-29.533px">(1)</P>
<P style="margin:0px; padding-left:66px">Previously filed with the Commission in the Registration Statement on Form S-8 (No. 333-153079), filed on August 19, 2008.</P>
<P style="margin-top:6.667px; margin-bottom:-16px; padding-left:66px; text-indent:-29.533px">(2)</P>
<P style="margin:0px; padding-left:66px">Previously filed with the Commission in the Current Report on Form 8-K (Commission File No. 001-10255), filed on October 30, 2007.</P>
<P style="margin-top:6.667px; margin-bottom:-16px; padding-left:66px; text-indent:-29.533px">(3)</P>
<P style="margin:0px; padding-left:66px">Previously filed with the Commission in the Proxy Statement (Commission File No. 001-10255), filed on July 6, 2011.</P>
<P style="margin-top:6.667px; margin-bottom:0px"><BR></P>
<P style="margin-top:6.667px; margin-bottom:0px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
</DIV></BODY>
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Network Equipment Technologies, Inc.
As filed with the Securities and Exchange Commission on December 9, 2011
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
________________
NETWORK EQUIPMENT TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
94-2904044
(State or Other Jurisdiction of Incorporation or Organization)
(I.R.S. Employer
Identification No.)
6900 Paseo Padre Parkway
Fremont, California  94555
(510) 713-7300
(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)
________________
2008 EQUITY INCENTIVE PLAN
(Full title of the plan)
________________
Frank Slattery, Esq.
Vice President and Secretary
Network Equipment Technologies, Inc.
6900 Paseo Padre Parkway
Fremont, California 94555-3660
(510) 713-7300
(Name, address, including zip code, and telephone number, including area code, of agent for service)
________________
Copy to:
Timothy G. Hoxie, Esq.
Jones Day
555 California Street, 26th Floor
San Francisco, California 94104
(415) 626-3939
________________
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
¨
Accelerated filer
x
Non-accelerated filer
¨
(Do not check if a smaller reporting company)
Smaller reporting company
¨
CALCULATION OF REGISTRATION FEE
Title of Securities
to be Registered
Amount
to be
Registered(1)
Proposed
Maximum
Offering
Price
per Share(2)
Proposed
Maximum
Aggregate
Offering
Price
Amount of
Registration
Fee
Common Stock, par value $0.01 per share
1,400,000(3)
$1.44
$2,016,000
$231.03
(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also covers any additional securities that may be offered or issued in connection with any stock split, stock dividend or similar transaction.
(2)
Estimated solely for the purpose of computing the amount of registration fee pursuant to Rule 457(c) under the Securities Act, based on the average of the high and low prices of the Registrant's Common Stock reported on the NASDAQ as of December 9, 2011.
(3)
Representing 1,400,000 shares added to the 2008 Equity Incentive Plan and increasing the maximum number of shares registered for issuance under such plan to a new total of 10,203,155.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
This Registration Statement on Form S-8 is being filed for the purpose of increasing the number of securities of the same class as other securities for which a Registration Statement of Network Equipment Technologies, Inc. (the "Registrant") on Form S-8 relating to the same employee benefit plan is effective.  The Registrant's Form S-8 Registration Statements filed with the Securities and Exchange Commission (the "Commission") on August 19, 2008 (File No. 333-153079) and October 30, 2009 (File No. 333-162748) are hereby incorporated by reference.
Item 3.
Incorporation of Documents by Reference
The following documents, which have been filed by the Registrant with the Securities and Exchange Commission (the "Commission"), are hereby incorporated by reference in this Registration Statement:
(a)
The Registrant's latest Annual Report on Form 10-K filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or the latest prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended, that contains audited financial statements for the Registrant's latest fiscal year for which such statements have been filed;
(b)
All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant's latest annual report or prospectus referred to in (a) above; and
(c)
The description of the Registrant's Common Stock contained in the Registrant's Registration Statement on Form 8-A filed with the Commission on April 23, 2009 under Section 12 of the Exchange Act, including any amendment or report filed for the purpose of updating such description.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of 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 that 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 a part of this Registration Statement.
Item 8.
Exhibits
Unless otherwise indicated below as being incorporated by reference to another filing by the Registrant with the Commission, each of the following exhibits is filed herewith
Exhibit Number
Description of Exhibit
4.1
(1)
Registrant's Certificate of Incorporation
4.2
(2)
Registrant's Bylaws
5.1
Opinion and Consent of Jones Day
23.1
Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm
23.2
Consent of Jones Day (filed as part of Exhibit 5.1)
24.1
Power of Attorney (included on the signature pages of this Registration Statement)
99.1
(3)
2008 Equity Incentive Plan, as Amended
(1)
Previously filed with the Commission in the Registration Statement on Form S-8 (No. 333-153079), filed on August 19, 2008.
(2)
Previously filed with the Commission in the Current Report on Form 8-K (Commission File No. 001-10255), filed on October 30, 2007.
(3)
Previously filed with the Commission in the Proxy Statement (Commission File No. 001-10255), filed on July 6, 2011.
SIGNATURES
Pursuant to the requirements of the Securities Act, 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 Fremont, State of California, on this 9th day of December, 2011.
NETWORK EQUIPMENT TECHNOLOGIES, INC.
By:
/s/ C. NICHOLAS KEATING, JR.
C. Nicholas Keating, Jr.
President, Chief Executive Officer and Director
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned officers and directors of Network Equipment Technologies, Inc., a Delaware corporation, do hereby constitute and appoint C. Nicholas Keating, Jr. and David Wagenseller, and each of them individually, the lawful attorneys-in-fact and agents, each with full power of substitution or re-substitution, with full power and authority to do any and all acts and things and to execute any and all instruments which said attorneys-in-fact and agents, or either one of them, determine may be necessary or advisable or required to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules or regulation or requirements of the Securities and Exchange Commission in connection with this Registration Statement. Without limiting the generality of the foregoing power and authority, the powers granted include the power and authority to sign the names of the undersigned officers and directors in the capacities indicated below to this Registration Statement, to any and all amendments, both pre-effective and post-effective, and supplements to this Registration Statement and to any and all instruments or documents filed as part of or in conjunction with this Registration Statement or amendments or supplements thereto, and each of the undersigned hereby ratifies and confirms all that said attorneys-in-fact and agents, or either one of them, shall do or cause to be done by virtue hereof. This Power of Attorney may be signed in several counterparts.
IN WITNESS WHEREOF, each of the undersigned has executed this Power of Attorney as of the date indicated.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ C. NICHOLAS KEATING, JR.
President, Chief Executive Officer and Director
December 9, 2011
C. Nicholas Keating, Jr.
/s/ DAVID WAGENSELLER
Vice President and Chief Financial Officer (Principal Financial Officer)
December 9, 2011
David Wagenseller
/s/ KAREN CARTE
Vice President, Finance (Principal Accounting Officer)
December 9, 2011
Karen Carte
/s/ DIXON R. DOLL
Chairman of the Board
December 9, 2011
Dixon R. Doll
/s/ FREDERICK D. D'ALESSIO
Director
December 9, 2011
Frederick D. D'Alessio
/s/ DAVID R. LAUBE
Director
December 9, 2011
David R. Laube
INDEX TO EXHIBITS
Exhibit Number
Description of Exhibit
4.1
(1)
Registrant's Certificate of Incorporation
4.2
(2)
Registrant's Bylaws
5.1
Opinion and Consent of Jones Day
23.1
Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm
23.2
Consent of Jones Day (filed as part of Exhibit 5.1)
24.1
Power of Attorney (included on the signature pages of this Registration Statement)
99.1
(3)
2008 Equity Incentive Plan, As Amended
(1)
Previously filed with the Commission in the Registration Statement on Form S-8 (No. 333-153079), filed on August 19, 2008.
(2)
Previously filed with the Commission in the Current Report on Form 8-K (Commission File No. 001-10255), filed on October 30, 2007.
(3)
Previously filed with the Commission in the Proxy Statement (Commission File No. 001-10255), filed on July 6, 2011.