4//SEC Filing
Quigley William 4
Accession 0001181431-11-052312
CIK 0001167294other
Filed
Oct 6, 8:00 PM ET
Accepted
Oct 7, 5:55 PM ET
Size
7.0 KB
Accession
0001181431-11-052312
Insider Transaction Report
Form 4
Quigley William
Director10% Owner
Transactions
- Award
Stock Option (right to buy)
2011-10-05+17,500→ 17,500 totalExercise: $8.39Exp: 2021-10-05→ Common Stock (17,500 underlying)
Footnotes (3)
- [F1]For service in the capacity of Chairman with the role contemplated by the Board during the chief executive officer transition period, on October 5, 2011, Mr. Quigley was granted an option to purchase 17,500 shares of common stock of the Company (the "Option") under the Company's 2010 Stock Incentive Plan, as amended (the "Plan") at the fair market value of the Company's common stock on the date of grant. The Option will vest as to 1/12th of the total shares subject to the Option on each monthly anniversary of the date of grant, subject to the continued service of Mr. Quigley as Chairman with the role contemplated by the Board on each such date. Notwithstanding the foregoing,
- [F2](i) in the event that the transition period terminates or Mr. Quigley relinquishes his position as Chairman at the request of the Board prior to the six-month anniversary of his appointment, then such number of shares subject to the Option held by such person that would have vested had Mr. Quigley remained Chairman through the six-month anniversary of the date of grant shall immediately vest, and the remaining unvested shares subject to the Option shall not vest and the Option terminate with respect to such unvested shares, and
- [F3](ii) in the event that the transition period terminates or Mr. Quigley relinquishes his position as Chairman at the request of the Board after the six-month anniversary of his appointment, then such number of shares subject to the Option that would have vested had Mr. Quigley remained Chairman during the entire month of such relinquishment shall immediately vest (e.g., if he relinquishes his position halfway through the eighth month of service, he will be vested as to 8/12ths of the shares subject to the Option), and the remaining unvested shares subject to the Option shall not vest and the Option terminate with respect to such unvested shares. If there is a Change in Control (as defined in the Plan), the Option will vest in full upon such Change of Control.
Documents
Issuer
MERU NETWORKS INC
CIK 0001167294
Entity typeother
Related Parties
1- filerCIK 0001297701
Filing Metadata
- Form type
- 4
- Filed
- Oct 6, 8:00 PM ET
- Accepted
- Oct 7, 5:55 PM ET
- Size
- 7.0 KB