MERU NETWORKS INC 4

Accession 0001209191-15-060560

CIK 0001167294operating

View on SEC.gov Company Profile

Filed

Jul 9, 8:00 PM ET

Accepted

Jul 10, 7:52 PM ET

Size

38.2 KB

Accession

0001209191-15-060560

Insider Transaction Report

Form 4

Period: 2015-07-08

MERU NETWORKS INCMERU

BASTANI BAMI

DirectorPresident & CEO

Transactions

Exercise/Conversion
Restricted Stock Units
2015-07-08−17,500→ 0 total
Exercise: $0.00Exp: 2023-02-07→ Common Stock (17,500 underlying)
Tax Payment
Common Stock
2015-07-08−38,714→ 160,115 total
Exercise/Conversion
Common Stock
2015-07-08+12,500→ 172,615 total
Tax Payment
Common Stock
2015-07-08−6,522→ 172,071 total
Disposition from Tender
Common Stock
2015-07-08$1.63/sh−94,235$153,603→ 77,836 total
Exercise/Conversion
Restricted Stock Units
2015-07-08−41,666→ 0 total
Exercise: $0.00Exp: 2024-01-29→ Common Stock (41,666 underlying)
Award
Common Stock
2015-07-08$1.22/sh+925$1,124→ 95,160 total
Exercise/Conversion
Restricted Stock Units
2015-07-08−12,500→ 25,000 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (12,500 underlying)
Exercise/Conversion
Common Stock
2015-07-08+75,000→ 229,326 total
Tax Payment
Common Stock
2015-07-08−9,131→ 220,195 total
Tax Payment
Common Stock
2015-07-08−6,522→ 178,593 total
Exercise/Conversion
Restricted Stock Units
2015-07-08−12,500→ 25,000 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (12,500 underlying)
Disposition to Issuer
Restricted Stock Units
2015-07-08−31,250→ 0 total
Exercise: $0.00Exp: 2024-01-29→ Common Stock (31,250 underlying)
Exercise/Conversion
Common Stock
2015-07-08+17,500→ 112,660 total
Exercise/Conversion
Common Stock
2015-07-08+12,500→ 185,115 total
Exercise/Conversion
Restricted Stock Units
2015-07-08−75,000→ 0 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (75,000 underlying)
Exercise/Conversion
Common Stock
2015-07-08+41,666→ 154,326 total
Tax Payment
Common Stock
2015-07-08−21,366→ 198,829 total
Disposition to Issuer
Restricted Stock Units
2015-07-08−31,250→ 0 total
Exercise: $0.00Exp: 2024-01-29→ Common Stock (31,250 underlying)

Footnotes (7)

[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]Restricted Stock Units (RSU) became fully vested and were settled for shares of Meru Networks Common Stock immediately prior to the consummation of the Merger of Meru Networks and Merger Sub (the "Merger") pursuant to the Agreement and Plan of Merger, dated as of May 27, 2015, by and among Fortinet, Inc., ("Parent"), Malbrouck Acquisition Corp., a wholly-owned subsidiary of Parent ("Merger Sub"), and Meru Networks, Inc.
[F4]The vesting of these RSUs accelerated and became vested pursuant to the terms of the RSU award and were settled for shares of Common Stock immediately prior to the consummation of the Merger.
[F5]94,235 shares were tendered in exchange for $1.63 per share, without interest, and subject to deduction for any applicable withholding taxes, pursuant to the Merger.
[F6]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.
[F7]RSUs terminated and canceled by agreement effective as of immediately prior to the consummation of the Merger.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

MERU NETWORKS INC

CIK 0001167294

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001167294

Filing Metadata

Form type: 4
Filed: Jul 9, 8:00 PM ET
Accepted: Jul 10, 7:52 PM ET
Size: 38.2 KB

View on SEC.gov