4//SEC Filing
MERU NETWORKS INC 4
Accession 0001209191-15-060565
CIK 0001167294operating
Filed
Jul 9, 8:00 PM ET
Accepted
Jul 10, 8:12 PM ET
Size
14.9 KB
Accession
0001209191-15-060565
Insider Transaction Report
Form 4
Liu Mark
General Counsel
Transactions
- Award
Common Stock
2015-07-08$1.22/sh+1,500$1,823→ 43,903 total - Exercise/Conversion
Restricted Stock Units
2015-07-08−1,667→ 3,333 totalExercise: $0.00Exp: 2025-02-11→ Common Stock (1,667 underlying) - Disposition from Tender
Common Stock
2015-07-08$1.63/sh−42,403$69,117→ 4,833 total - Award
Common Stock
2015-07-08+1,666→ 47,236 total - Exercise/Conversion
Restricted Stock Units
2015-07-08−1,666→ 3,334 totalExercise: $0.00Exp: 2025-02-11→ Common Stock (1,666 underlying) - Award
Common Stock
2015-07-08+1,667→ 45,570 total
Footnotes (5)
- [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]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.
- [F4]42,403 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 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..
- [F5]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.
Documents
Issuer
MERU NETWORKS INC
CIK 0001167294
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001167294
Filing Metadata
- Form type
- 4
- Filed
- Jul 9, 8:00 PM ET
- Accepted
- Jul 10, 8:12 PM ET
- Size
- 14.9 KB