MERU NETWORKS INC 4

4 · MERU NETWORKS INC · Filed Feb 13, 2015

Form 4

Period: 2015-02-11

SVP of WW Sales, SRVC & SUPT

Transactions

Award
Restricted Stock Units
2015-02-11+25,000→ 25,000 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (25,000 underlying)
Award
Restricted Stock Units
2015-02-11+12,500→ 12,500 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (12,500 underlying)
Award
Restricted Stock Units
2015-02-11+12,500→ 12,500 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (12,500 underlying)

Footnotes (4)

[F1]Each Restricted Stock Unit (RSU) represents a contingent right to receive on share of common stock of the issuer upon vesting.
[F2]The RSUs will vest in three equal annual installments such that 100% of the RSUs will be fully vested on February 11, 2018. The RSU is subject to the change of control provisions described in the applicable change of control agreement.
[F3]The RSUs shall be earned in full upon the Company's achievement, during 2015, 2016 or 2017, of equaling or exceeding the market growth rate for Company revenues during any such calendar year as reported by Dell'Oro, and in the absence of a report by Dell'Oro (or its equivalent), 15%. The RSUs are subject to acceleration and will be fully vested upon certain change of control conditions being met in the event of a change of control of the Company.
[F4]The RSUs shall be earned in full upon the Company's achievement, during 2015, 2016 or 2017, of two consecutive quarter of non-GAAP profitability, as adjusted for cash equivalent of bonus payments made in the form of RSUs. The RSUs are subject to acceleration and will be fully vested upon certain change of control conditions being met in the event of a change of control of the Company.

Documents

1 file