Quigley William 4

Accession 0001181431-10-021032

CIK 0001167294other

View on SEC.gov Company Profile

Filed

Apr 7, 8:00 PM ET

Accepted

Apr 8, 8:12 PM ET

Size

34.1 KB

Accession

0001181431-10-021032

Insider Transaction Report

Form 4

Period: 2010-04-06

MERU NETWORKS INCMERU

Clearstone Venture Partners II-B, L.P.

10% Owner

Transactions

Conversion
Common Stock
2010-04-06+370,798→ 644,726 total(indirect: See footnote)
Conversion
Common Stock
2010-04-06+285,604→ 1,322,137 total(indirect: See footnote)
Conversion
Common Stock
2010-04-06+647,752→ 1,969,889 total(indirect: See footnote)
Award
Employee Stock Option (right to buy)
2010-04-06+10,000→ 10,000 total
Exercise: $18.75Exp: 2020-04-06→ Common Stock (10,000 underlying)
Conversion
Series A-1 Convertible Preferred Stock
2010-04-06−1,543,360→ 0 total(indirect: See footnote)
→ Common Stock (272,114 underlying)
Conversion
Series C Convertible Preferred Stock
2010-04-06−3,927,200→ 0 total(indirect: See footnote)
→ Common Stock (391,807 underlying)
Conversion
Series E Convertible Preferred Stock
2010-04-06−7,217,856→ 0 total(indirect: See footnote)
→ Common Stock (647,752 underlying)
Conversion
Series B Convertible Preferred Stock
2010-04-06−4,541,132→ 0 total(indirect: See footnote)
→ Common Stock (370,798 underlying)
Conversion
Common Stock
2010-04-06+272,114→ 273,928 total(indirect: See footnote)
Award
Common Stock
2010-04-06+3,500→ 3,500 total
Conversion
Common Stock
2010-04-06+391,807→ 1,036,533 total(indirect: See footnote)
Conversion
Series D Convertible Preferred Stock
2010-04-06−2,505,526→ 0 total(indirect: See footnote)
→ Common Stock (285,604 underlying)

Quigley William

Director10% Owner

Transactions

Award
Employee Stock Option (right to buy)
2010-04-06+10,000→ 10,000 total
Exercise: $18.75Exp: 2020-04-06→ Common Stock (10,000 underlying)
Conversion
Series D Convertible Preferred Stock
2010-04-06−2,505,526→ 0 total(indirect: See footnote)
→ Common Stock (285,604 underlying)
Award
Common Stock
2010-04-06+3,500→ 3,500 total
Conversion
Series E Convertible Preferred Stock
2010-04-06−7,217,856→ 0 total(indirect: See footnote)
→ Common Stock (647,752 underlying)
Conversion
Common Stock
2010-04-06+285,604→ 1,322,137 total(indirect: See footnote)
Conversion
Common Stock
2010-04-06+272,114→ 273,928 total(indirect: See footnote)
Conversion
Common Stock
2010-04-06+370,798→ 644,726 total(indirect: See footnote)
Conversion
Common Stock
2010-04-06+647,752→ 1,969,889 total(indirect: See footnote)
Conversion
Series A-1 Convertible Preferred Stock
2010-04-06−1,543,360→ 0 total(indirect: See footnote)
→ Common Stock (272,114 underlying)
Conversion
Series C Convertible Preferred Stock
2010-04-06−3,927,200→ 0 total(indirect: See footnote)
→ Common Stock (391,807 underlying)
Conversion
Common Stock
2010-04-06+391,807→ 1,036,533 total(indirect: See footnote)
Conversion
Series B Convertible Preferred Stock
2010-04-06−4,541,132→ 0 total(indirect: See footnote)
→ Common Stock (370,798 underlying)

Clearstone Venture Partners II-A, L.P.

10% Owner

Transactions

Conversion
Series B Convertible Preferred Stock
2010-04-06−4,541,132→ 0 total(indirect: See footnote)
→ Common Stock (370,798 underlying)
Conversion
Series C Convertible Preferred Stock
2010-04-06−3,927,200→ 0 total(indirect: See footnote)
→ Common Stock (391,807 underlying)
Conversion
Common Stock
2010-04-06+272,114→ 273,928 total(indirect: See footnote)
Conversion
Common Stock
2010-04-06+370,798→ 644,726 total(indirect: See footnote)
Conversion
Common Stock
2010-04-06+285,604→ 1,322,137 total(indirect: See footnote)
Conversion
Series D Convertible Preferred Stock
2010-04-06−2,505,526→ 0 total(indirect: See footnote)
→ Common Stock (285,604 underlying)
Award
Employee Stock Option (right to buy)
2010-04-06+10,000→ 10,000 total
Exercise: $18.75Exp: 2020-04-06→ Common Stock (10,000 underlying)
Conversion
Common Stock
2010-04-06+647,752→ 1,969,889 total(indirect: See footnote)
Conversion
Series A-1 Convertible Preferred Stock
2010-04-06−1,543,360→ 0 total(indirect: See footnote)
→ Common Stock (272,114 underlying)
Conversion
Common Stock
2010-04-06+391,807→ 1,036,533 total(indirect: See footnote)
Award
Common Stock
2010-04-06+3,500→ 3,500 total
Conversion
Series E Convertible Preferred Stock
2010-04-06−7,217,856→ 0 total(indirect: See footnote)
→ Common Stock (647,752 underlying)

Clearstone Venture Partners II-C, L.P.

10% Owner

Transactions

Conversion
Common Stock
2010-04-06+285,604→ 1,322,137 total(indirect: See footnote)
Conversion
Series E Convertible Preferred Stock
2010-04-06−7,217,856→ 0 total(indirect: See footnote)
→ Common Stock (647,752 underlying)
Conversion
Series B Convertible Preferred Stock
2010-04-06−4,541,132→ 0 total(indirect: See footnote)
→ Common Stock (370,798 underlying)
Award
Employee Stock Option (right to buy)
2010-04-06+10,000→ 10,000 total
Exercise: $18.75Exp: 2020-04-06→ Common Stock (10,000 underlying)
Conversion
Common Stock
2010-04-06+647,752→ 1,969,889 total(indirect: See footnote)
Award
Common Stock
2010-04-06+3,500→ 3,500 total
Conversion
Common Stock
2010-04-06+272,114→ 273,928 total(indirect: See footnote)
Conversion
Series C Convertible Preferred Stock
2010-04-06−3,927,200→ 0 total(indirect: See footnote)
→ Common Stock (391,807 underlying)
Conversion
Common Stock
2010-04-06+370,798→ 644,726 total(indirect: See footnote)
Conversion
Series A-1 Convertible Preferred Stock
2010-04-06−1,543,360→ 0 total(indirect: See footnote)
→ Common Stock (272,114 underlying)
Conversion
Common Stock
2010-04-06+391,807→ 1,036,533 total(indirect: See footnote)
Conversion
Series D Convertible Preferred Stock
2010-04-06−2,505,526→ 0 total(indirect: See footnote)
→ Common Stock (285,604 underlying)

Footnotes (7)

[F1]Includes 1,440,188 shares of Series A-1 Convertible Preferred Stock held directly by Clearstone Venture Partners II-A, L.P. Includes 49,450 shares of Series A-1 Convertible Preferred Stock held directly by Clearstone Venture Partners II-B, L.P. Includes 53,722 shares of Series A-1 Convertible Preferred Stock held directly by Clearstone Venture Partners II-C, L.P. Each outstanding share of the Issuer's Series A-1 Convertible Preferred Stock automatically converted into approximately 0.17632 shares of the Issuer's Common Stock upon the closing of the initial public offering of the Issuer's Common Stock.
[F2]Shares held directly by Clearstone Venture Partners II-A, L.P., Clearstone Venture Partners II-B, L.P. and Clearstone Venture Partners II-C, L.P. William Quigley is a Managing Member of Clearstone Venture Management II, L.L.C., the general partner of Clearstone Venture Partners II-A, L.P., Clearstone Venture Partners II-B, L.P. and Clearstone Venture Partners II-C, L.P. and may be deemed to beneficially own such shares. Mr. Quigley disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
[F3]Includes 4,243,184 shares of Series B Convertible Preferred Stock held directly by Clearstone Venture Partners II-A, L.P. Includes 142,692 shares of Series B Convertible Preferred Stock held directly by Clearstone Venture Partners II-B, L.P. Includes 155,256 shares of Series B Convertible Preferred Stock held directly by Clearstone Venture Partners II-C, L.P Each outstanding share of the Issuer's Series B Convertible Preferred Stock automatically converted into approximately 0.08165 shares of the Issuer's Common Stock upon the closing of the initial public offering of the Issuer's Common Stock.
[F4]Includes 3,674,301 shares of Series C Convertible Preferred Stock held directly by Clearstone Venture Partners II-A, L.P. Includes 123,287 shares of Series C Convertible Preferred Stock held directly by Clearstone Venture Partners II-B, L.P. Includes 129,612 shares of Series C Convertible Preferred Stock held directly by Clearstone Venture Partners II-C, L.P. Each outstanding share of the Issuer's Series C Convertible Preferred Stock automatically converted into approximately 0.09977 shares of the Issuer's Common Stock upon the closing of the initial public offering of the Issuer's Common Stock.
[F5]Includes 2,349,201 shares of Series D Convertible Preferred Stock held directly by Clearstone Venture Partners II-A, L.P. Includes 73,124 shares of Series D Convertible Preferred Stock held directly by Clearstone Venture Partners II-B, L.P. Includes 83,201 shares of Series D Convertible Preferred Stock held directly by Clearstone Venture Partners II-C, L.P. Each outstanding share of the Issuer's Series D Convertible Preferred Stock automatically converted into approximately 0.11399 shares of the Issuer's Common Stock upon the closing of the initial public offering of the Issuer's Common Stock.
[F6]Includes 6,455,143 shares of Series E Convertible Preferred Stock held directly by Clearstone Venture Partners II-A, L.P. Includes 225,123 shares of Series E Convertible Preferred Stock held directly by Clearstone Venture Partners II-B, L.P. Includes 537,590 shares of Series E Convertible Preferred Stock held directly by Clearstone Venture Partners II-C, L.P. Each outstanding share of the Issuer's Series E Convertible Preferred Stock automatically converted into approximately 0.08974 shares of the Issuer's Common Stock upon the closing of the initial public offering of the Issuer's Common Stock.
[F7]The option vests in equal monthly installments beginning on April 6, 2010. Upon a change-of-control of the Company, the option will vest in full.

Documents

1 file

4
rrd272429.xmlPrimary
FORM 4

Issuer

MERU NETWORKS INC

CIK 0001167294

→

Entity typeother

Related Parties

filerCIK 0001297701

Filing Metadata

Form type: 4
Filed: Apr 7, 8:00 PM ET
Accepted: Apr 8, 8:12 PM ET
Size: 34.1 KB

View on SEC.gov