MERU NETWORKS INC 4
4 · MERU NETWORKS INC · Filed Feb 20, 2015
Insider Transaction Report
Form 4
Vaughan Larry
SVP of WW Sales, SRVC & SUPT
Transactions
- Exercise/Conversion
Common Stock
2015-01-01+5,000→ 58,696 total - Tax Payment
Common Stock
2015-01-01$3.83/sh−1,932$7,400→ 56,764 total - Exercise/Conversion
Common Stock
2015-01-29+8,000→ 64,764 total - Tax Payment
Common Stock
2015-01-29$3.23/sh−3,092$9,987→ 61,672 total - Disposition to Issuer
Restricted Stock Units
2015-01-01−5,000→ 0 totalExercise: $0.00Exp: 2022-01-01→ Common Stock (5,000 underlying) - Disposition to Issuer
Restricted Stock Units
2015-01-29−8,000→ 16,000 totalExercise: $0.00Exp: 2024-01-29→ Common Stock (8,000 underlying)
Footnotes (4)
- [F1]In accordance with Rule 16b-3, shares withheld for payment of taxes for vesting of RSUs previously reported on Form 4.
- [F2]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.
- [F3]The RSUs will vest in three equal installments such that 100% of the RSUs will be fully vested on January 1, 2015. The RSUs are subject to the change of control provisions described in the applicable change of control agreement.
- [F4]The RSUs will vest in three equal annual installments such that 100% of the RSUs will be fully vested on January 29, 2017. The RSU is subject to the change of control provisions described in the applicable change of control agreement.