MERU NETWORKS INC 4
4 · MERU NETWORKS INC · Filed Jul 10, 2015
Insider Transaction Report
Form 4
DOMENIK STEPHEN L
Director
Transactions
- Exercise/Conversion
Common Stock
2015-07-08+50,719→ 80,143 total - Disposition to Issuer
Restricted Stock Units
2015-07-08−50,719→ 0 totalExercise: $0.00Exp: 2025-02-11→ Common Stock (50,719 underlying) - Disposition from Tender
Common Stock
2015-07-08$1.63/sh−29,424$47,961→ 50,719 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]29,424 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.
- [F3]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.