<SUBMISSION>
<ACCESSION-NUMBER>0001144204-08-005632
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20080130
<ITEMS>5.02
<FILING-DATE>20080201
<DATE-OF-FILING-DATE-CHANGE>20080201
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AIRSPAN NETWORKS INC
<CIK>0001105542
<ASSIGNED-SIC>3663
<IRS-NUMBER>000000000
<STATE-OF-INCORPORATION>WA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-31031
<FILM-NUMBER>08567136
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<BUSINESS-ADDRESS>
<STREET1>777 YAMATO ROAD
<STREET2>SUITE 105
<CITY>BOCA RATON
<STATE>FL
<ZIP>33431
<PHONE>561-893-8670
</BUSINESS-ADDRESS>
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<STREET1>777 YAMATO ROAD
<STREET2>SUITE 105
<CITY>BOCA RATON
<STATE>FL
<ZIP>33431
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<TYPE>8-K
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<TEXT>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
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      AND EXCHANGE COMMISSION</font></div>
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            <td valign="top" width="8%"><strong><font size="2">Item 5.02.
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      employees, including its executive officers, are eligible to earn for 2008
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&#8220;Bonus Plan&#8221;).</font></div>
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      by the Committee, the achievement of certain personal goals established by,
      or
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      Company. The performance goals are based on targets relating to the Company&#8217;s
      revenue, gross profit, scalability and share price performance in 2008. A
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      the Company meets all performance goals specified in the Bonus Plan, the
      components related to revenue, gross profit, scalability and share price
      performance would each dictate 25% of the amount of each participant&#8217;s bonus
      award. Actual bonuses payable may be higher or lower depending on the Company&#8217;s
      level of success with respect to each of the performance goals.</font></div>
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      can be earned quarterly based on the revenue and gross profit goals for up
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      are expected to be made in cash in quarterly installments, after approval by
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Actual
      amounts payable under the Bonus Plan are based upon the extent to which
      performance under each of the foregoing criteria meets, exceeds or is below
      target.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
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      duly authorized.</font></div>
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            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">AIRSPAN
              NETWORKS
              INC.</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td>&#160;</td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;David
              Brant<font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt" size="3">&#160;</font></font></td>
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                Brant</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Senior
                Vice President and Chief Financial Officer</font></div>
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            <td>&#160;</td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:
              February 1,
              2008</font></td>
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