MERU NETWORKS INC 4

Accession 0001209191-15-060564

CIK 0001167294operating

View on SEC.gov Company Profile

Filed

Jul 9, 8:00 PM ET

Accepted

Jul 10, 8:08 PM ET

Size

36.9 KB

Accession

0001209191-15-060564

Insider Transaction Report

Form 4

Period: 2015-07-08

MERU NETWORKS INCMERU

Vesuna Sarosh

GM, Higher Education

Transactions

Tax Payment
Common Stock
2015-07-08$1.62/sh−11,004$17,826→ 95,185 total
Exercise/Conversion
Restricted Stock Units
2015-07-08−30,000→ 0 total
Exercise: $0.00Exp: 2023-08-07→ Common Stock (30,000 underlying)
Exercise/Conversion
Restricted Stock Units
2015-07-08−2,500→ 5,000 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (2,500 underlying)
Exercise/Conversion
Common Stock
2015-07-08+10,000→ 93,206 total
Exercise/Conversion
Common Stock
2015-07-08+15,000→ 108,206 total
Exercise/Conversion
Common Stock
2015-07-08+2,500→ 88,515 total
Exercise/Conversion
Common Stock
2015-07-08+2,500→ 91,015 total
Tax Payment
Common Stock
2015-07-08$1.62/sh−917$1,486→ 90,098 total
Disposition from Tender
Common Stock
2015-07-08$1.63/sh−47,706$77,761→ 41,475 total
Exercise/Conversion
Restricted Stock Units
2015-07-08−15,000→ 0 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (15,000 underlying)
Exercise/Conversion
Common Stock
2015-07-08+5,500→ 53,206 total
Exercise/Conversion
Common Stock
2015-07-08+30,000→ 83,206 total
Tax Payment
Common Stock
2015-07-08$1.62/sh−2,017$3,268→ 106,189 total
Tax Payment
Common Stock
2015-07-08$1.62/sh−5,502$8,913→ 86,015 total
Exercise/Conversion
Restricted Stock Units
2015-07-08−5,500→ 0 total
Exercise: $0.00Exp: 2023-02-27→ Common Stock (5,500 underlying)
Exercise/Conversion
Restricted Stock Units
2015-07-08−10,000→ 0 total
Exercise: $0.00Exp: 2024-01-29→ Common Stock (10,000 underlying)
Exercise/Conversion
Restricted Stock Units
2015-07-08−2,500→ 5,000 total
Exercise: $0.00Exp: 2025-02-11→ Common Stock (2,500 underlying)
Tax Payment
Common Stock
2015-07-08$1.62/sh−3,668$5,942→ 91,517 total
Tax Payment
Common Stock
2015-07-08$1.62/sh−917$1,486→ 89,181 total

Footnotes (3)

[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]47,706 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.

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, 8:08 PM ET
Size: 36.9 KB

View on SEC.gov