BLUESTREAM VENTURES LP 4
4 · MERU NETWORKS INC · Filed Apr 8, 2010
Insider Transaction Report
Form 4
Erickson Thomas J.
Director10% Owner
Transactions
- Conversion
Common Stock
2010-04-06+170,062→ 171,306 total(indirect: See footnote) - Conversion
Series A-1 Convertible Preferred Stock
2010-04-06−964,532→ 0 total(indirect: See footnote)→ Common Stock (170,062 underlying) - Conversion
Series B Convertible Preferred Stock
2010-04-06−3,564,098→ 0 total(indirect: See footnote)→ Common Stock (291,020 underlying) - Conversion
Series C Convertible Preferred Stock
2010-04-06−3,254,919→ 0 total(indirect: See footnote)→ Common Stock (324,735 underlying) - Conversion
Common Stock
2010-04-06+291,020→ 462,326 total(indirect: See footnote) - Conversion
Common Stock
2010-04-06+324,735→ 787,061 total(indirect: See footnote) - Conversion
Common Stock
2010-04-06+139,629→ 926,690 total(indirect: See footnote) - Conversion
Common Stock
2010-04-06+545,879→ 1,472,569 total(indirect: See footnote) - Award
Common Stock
2010-04-06+3,500→ 3,500 total - 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) - Conversion
Series D Convertible Preferred Stock
2010-04-06−1,224,924→ 0 total(indirect: See footnote)→ Common Stock (139,629 underlying) - Conversion
Series E Convertible Preferred Stock
2010-04-06−5,657,559→ 0 total(indirect: See footnote)→ Common Stock (545,879 underlying)
Footnotes (7)
- [F1]Each outstanding share of the Issuer's Series A-1 Convertible Preferred Stock automatically converted into approximately 0.17632 shares of Meru Networks, Inc.'s (the "Company") Common Stock in connection with the closing of the initial public offering of the Company's Common Stock.
- [F2]These shares held directly by Bluestream Ventures, L.P. Thomas Erickson is a general partner of Bluestream Ventures, L.P. and may be deemed to beneficially own such shares. Mr. Erickson disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F3]Each outstanding share of the Company's Series B Convertible Preferred Stock automatically converted into approximately 0.08165 shares of the Company's Common Stock in connection with the closing of the initial public offering of the Company's Common Stock.
- [F4]Each outstanding share of the Company's Series C Convertible Preferred Stock automatically converted into approximately 0.09977 shares of the Company's Common Stock in connection with the closing of the initial public offering of the Company's Common Stock.
- [F5]Each outstanding share of the Company's Series D Convertible Preferred Stock automatically converted into approximately 0.11399 shares of the Company's Common Stock in connection with the closing of the initial public offering of the Company's Common Stock.
- [F6]Each outstanding share of the Company's Series E Convertible Preferred Stock automatically converted into approximately 0.08974 shares of the Company's Common Stock in connection with the closing of the initial public offering of the Company'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.