Mitsakos Nicholas 4
4 · MERU NETWORKS INC · Filed Apr 8, 2010
Insider Transaction Report
Form 4
Mitsakos Nicholas
Director
Transactions
- Award
Employee Stock Option (right to buy)
2010-04-06+10,000→ 10,000 totalExercise: $18.75Exp: 2020-04-06→ Common Stock (10,000 underlying) - Award
Common Stock
2010-04-06+3,500→ 3,500 total - Conversion
Common Stock
2010-04-06+7,746→ 28,448 total - Conversion
Series A-1 Convertible Preferred Stock
2010-04-06−92,408→ 0 total→ Common Stock (16,292 underlying) - Sale
Common Stock
2010-04-06$15.00/sh−28,448$426,720→ 0 total - Conversion
Series C Convertible Preferred Stock
2010-04-06−77,646→ 0 total→ Common Stock (7,746 underlying) - Conversion
Common Stock
2010-04-06+16,292→ 20,702 total
Footnotes (3)
- [F1]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 in connection with the closing of the initial public offering of the Issuer's Common Stock.
- [F2]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 in connection with the closing of the initial public offering of the Issuer's Common Stock.
- [F3]The option vests in equal monthly installments beginning on April 6, 2010. Upon a change-of-control of Meru Networks, Inc., the option will vest in full.