Gustin Carl 4
4 · MERU NETWORKS INC · Filed Jun 8, 2011
Insider Transaction Report
Form 4
Gustin Carl
Chief Marketing Officer
Transactions
- Award
Restricted Stock Units
2011-06-07+14,000→ 14,000 totalExp: 2021-06-07→ Common Stock (14,000 underlying) - Award
Stock Option (right to buy)
2011-06-07+60,000→ 60,000 totalExercise: $15.35Exp: 2021-06-07→ Common Stock (60,000 underlying) - Award
Restricted Stock Units
2011-06-07+11,000→ 11,000 totalExp: 2021-06-07→ Common Stock (11,000 underlying)
Footnotes (4)
- [F1]25% of the shares subject to this option vests and will become exercisable on May 16, 2012, and the remaining shares vested monthly thereafter, such that 100% of the shares subject to the option will become fully vested and exercisable on May 16, 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, 3,000 shares of the RSUs will vest in full on December 31, 2011 and the remaining 11,000 shares of the RSUs will vest in full on May 16, 2013.
- [F4]The vesting of the RSUs will be subject to the achievement of performance metrics in the Board of Directors' approved strategic plan. The shares, if any, will be vested in full on May 16, 2014.