ABU HAKIMA IHAB 4
4 · MERU NETWORKS INC · Filed Apr 22, 2011
Insider Transaction Report
Form 4
ABU HAKIMA IHAB
DirectorChief Executive Officer
Transactions
- Award
Stock Option (right to buy)
2011-04-20+24,000→ 24,000 totalExercise: $17.34Exp: 2021-04-20→ Common Stock (24,000 underlying) - Award
Restricted Stock Units
2011-04-20+13,000→ 13,000 totalExercise: $0.00Exp: 2021-04-20→ Common Stock (13,000 underlying)
Footnotes (3)
- [F1]The option will vest in equal monthly installments commencing on February 1, 2011, such that 100% of the shares subject to the option will be fully vested and exercisable on January 1, 2015.
- [F2]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.
- [F3]The RSUs have been issued in two tranches, fifty percent (50%) of the RSUs will vest on January 1, 2014 and the vesting of the remaining fifty percent (50%) will be subject to the achievement of performance metrics in the Board of Directors' approved strategic plan. The shares, if any, will be vested on January 1, 2014.