Anand Kamal 4
4 · MERU NETWORKS INC · Filed Aug 24, 2012
Insider Transaction Report
Form 4
Anand Kamal
SVP of Corp Dev & Strategy
Transactions
- 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) - Disposition to Issuer
Stock Option (right to buy)
2012-08-22−12,000→ 0 totalExercise: $17.34Exp: 2021-04-20→ Common Stock (12,000 underlying) - Award
Stock Option (right to buy)
2012-08-23+1,846→ 1,846 totalExercise: $3.40Exp: 2022-08-23→ Common Stock (1,846 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]The option vested 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.
- [F5]On August 22, 2012, the Issuer cancelled, pursuant to the Issuer's option exchange program, an option for 12,000 shares of Meru Networks Common Stock granted to the reporting person on April 20, 2011. In exchange for the option, the reporting person received a replacement option, for 1,846 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.