4//SEC Filing
Simmons Philip 4
Accession 0001181431-12-047431
CIK 0001167294other
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 8:23 PM ET
Size
12.9 KB
Accession
0001181431-12-047431
Insider Transaction Report
Form 4
Simmons Philip
SVP WW Engineering
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2012-08-22−85,000→ 0 totalExercise: $18.10Exp: 2021-02-07→ Common Stock (85,000 underlying) - Award
Stock Option (right to buy)
2012-08-23+13,076→ 13,076 totalExercise: $3.40Exp: 2022-08-23→ Common Stock (13,076 underlying) - Award
Stock Option (right to buy)
2012-08-23+16,000→ 16,000 totalExercise: $3.40Exp: 2022-08-23→ Common Stock (16,000 underlying) - Award
Restricted Stock Units
2012-08-23+8,000→ 8,000 totalExercise: $0.00Exp: 2022-08-23→ Common Stock (8,000 underlying)
Footnotes (6)
- [F1]The option will vest in two equal installments, fifty percent (50%) of the options will vest on August 23, 2013 and the remaining fifty percent (50%) of the options will vest on August 23, 2014. The option is subject to the Change of Control provisions described in the Severance and Change of Control Agreement the Company filed with the Security and Exchange Commission.
- [F2]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.
- [F3]The RSU will vest in two equal installments, fifty percent (50%) of the RSUs will vest on August 23, 2013 and the remaining fifty percent (50%) of the RSUs will vest on August 23, 2014. The RSU is subject to the Change of Control provisions described in the Severance and Change of Control Agreement the Company filed with the Security and Exchange Commission.
- [F4]25% of the shares subject to this option vested and became exercisable on February 7, 2012, and 1/36th of the remaining shares vest monthly thereafter, such that 100% of the shares subject to the option will become fully vested and exercisable on February 7, 2015.
- [F5]On August 22, 2012, the Issuer cancelled, pursuant to the Issuer's option exchange program, an option for 85,000 shares of Meru Networks Common Stock granted to the reporting person on February 7, 2011. In exchange for the option, the reporting person received a replacement option, for 13,076 shares, having an exercise price of $3.40 a share.
- [F6]25% of the shares subject to this option vest and will become exercisable on August 23, 2013, and 1/36th of the remaining shares vest monthly thereafter, such that 100% of the shares subject to the option will become fully vested and exercisable on August 23, 2016.
Documents
Issuer
MERU NETWORKS INC
CIK 0001167294
Entity typeother
Related Parties
1- filerCIK 0001541699
Filing Metadata
- Form type
- 4
- Filed
- Aug 23, 8:00 PM ET
- Accepted
- Aug 24, 8:23 PM ET
- Size
- 12.9 KB