Anand Kamal 4
4 · MERU NETWORKS INC · Filed Feb 8, 2013
Insider Transaction Report
Form 4
Anand Kamal
SVP of Corp Dev & Strategy
Transactions
- Award
Restricted Stock Units
2013-02-07+5,500→ 5,500 totalExercise: $0.00Exp: 2023-02-07→ Common Stock (5,500 underlying) - Award
Restricted Stock Units
2013-02-07+5,500→ 5,500 totalExercise: $0.00Exp: 2023-02-07→ Common Stock (5,500 underlying) - Award
Stock Option (right to buy)
2013-02-07+11,000→ 11,000 totalExercise: $3.19Exp: 2023-02-07→ Common Stock (11,000 underlying)
Footnotes (4)
- [F1]The option will vest in equal monthly installments commencing on March 7, 2013, such that 100% of the shares subject to the option will be fully vested and exercisable on February 7, 2017. The option is subject to the Change of Control provisions described in the applicable Change of Control Agreement.
- [F2]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.
- [F3]100% of the RSU will be fully vested on January 1, 2016. The RSU is subject to the Change of Control provisions described in the applicable Change of Control Agreement.
- [F4]The RSUs will vest subject to the achievement of performance metrics approved by the Board of Directors for the year ending December 31, 2015. The RSUs are subject to acceleration and will be fully vested upon certain change of control conditions being met in the event of an acquisition of the Company.