MERU NETWORKS INC 4

Accession 0001209191-15-060562

CIK 0001167294operating

View on SEC.gov Company Profile

Filed

Jul 9, 8:00 PM ET

Accepted

Jul 10, 7:59 PM ET

Size

37.1 KB

Accession

0001209191-15-060562

Insider Transaction Report

Form 4

Period: 2015-07-08

MERU NETWORKS INCMERU

Malik Ajay

SVP, Worldwide Engineering

Transactions

Exercise/Conversion
Common Stock
2015-07-08+4,667→ 150,872 total
Exercise/Conversion
Common Stock
2015-07-08+4,666→ 155,538 total
Exercise/Conversion
Restricted Stock Units
2015-07-08−4,666→ 9,334 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (4,666 underlying)
Exercise/Conversion
Common Stock
2015-07-08+80,000→ 116,846 total
Exercise/Conversion
Common Stock
2015-07-08+28,000→ 210,846 total
Tax Payment
Common Stock
2015-07-08$1.62/sh−18,763$30,396→ 156,727 total
Tax Payment
Common Stock
2015-07-08$1.62/sh−10,522$17,046→ 146,205 total
Tax Payment
Common Stock
2015-07-08$1.62/sh−1,753$2,840→ 153,785 total
Disposition from Tender
Common Stock
2015-07-08$1.63/sh−36,846$60,059→ 115,186 total
Exercise/Conversion
Restricted Stock Units
2015-07-08−80,000→ 0 total
Exercise: $0.00Exp: 2023-09-09→ Common Stock (80,000 underlying)
Exercise/Conversion
Restricted Stock Units
2015-07-08−16,000→ 0 total
Exercise: $0.00Exp: 2024-01-29→ Common Stock (16,000 underlying)
Exercise/Conversion
Restricted Stock Units
2015-07-08−28,000→ 0 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (28,000 underlying)
Exercise/Conversion
Common Stock
2015-07-08+16,000→ 132,846 total
Exercise/Conversion
Common Stock
2015-07-08+50,000→ 182,846 total
Tax Payment
Common Stock
2015-07-08$1.62/sh−29,344$47,537→ 181,502 total
Tax Payment
Common Stock
2015-07-08$1.62/sh−6,012$9,739→ 175,490 total
Exercise/Conversion
Restricted Stock Units
2015-07-08−50,000→ 0 total
Exercise: $0.00Exp: 2024-09-18→ Common Stock (50,000 underlying)
Exercise/Conversion
Restricted Stock Units
2015-07-08−4,667→ 9,333 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (4,667 underlying)
Tax Payment
Common Stock
2015-07-08$1.62/sh−1,753$2,840→ 152,032 total

Footnotes (4)

[F1]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.
[F2]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.
[F3]36,846 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.
[F4]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.

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, 7:59 PM ET
Size: 37.1 KB

View on SEC.gov