MERU NETWORKS INC 4
4 · MERU NETWORKS INC · Filed Jun 12, 2015
Insider Transaction Report
Form 4
McDonald Brian R
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2015-06-11$1.62/sh−22,992$37,247→ 58,880 total - Exercise/Conversion
Restricted Stock Units
2015-06-11−40,000→ 40,000 totalExercise: $0.00Exp: 2023-06-21→ Common Stock (40,000 underlying) - Award
Common Stock
2015-05-15$1.22/sh+1,500$1,823→ 41,872 total - Exercise/Conversion
Common Stock
2015-06-11+40,000→ 81,872 total
Footnotes (4)
- [F1]Represents shares of common stock acquired pursuant to the Meru Networks Inc. Employee Stock Purchase Plan. This transaction is exempt under Rule 16b-3(c).
- [F2]In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the issuer's common stock on May 15, 2015.
- [F3]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.
- [F4]The RSUs vest as follows: 40,000 stock units on the first anniversary of the commencement of Mr. McDonald's employment; 40,000 stock units on the second anniversary of the commencement of his employment; and 40,000 Stock Units on the third anniversary of the commencement of his employment. The RSU is subject to Mr. McDonald's continued employment with the Company and the Severance and Change of Control Agreement entered into by and between Mr. McDonald and Meru Networks, Inc.