Sheth Hitesh 4
4 · ARUBA NETWORKS, INC. · Filed Nov 3, 2011
Insider Transaction Report
Form 4
Sheth Hitesh
Chief Operating Officer
Transactions
- Sale
Common Stock
2011-11-01$22.55/sh−20,000$450,974→ 77,897 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2011-11-01−20,000→ 610,000 totalExercise: $7.93Exp: 2016-08-13→ Common Stock (20,000 underlying) - Exercise/Conversion
Common Stock
2011-11-01$7.93/sh+20,000$158,600→ 97,897 total
Footnotes (3)
- [F1]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 14, 2011.
- [F2]Sale prices range from $22.40 per share to $22.68 per share. Sale price listed represents the weighted average sale price of all 20,000 shares sold.
- [F3]25% of the shares subject to this option will vest and become exercisable on August 14, 2010, and the remaining shares will vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested and exercisable on August 14, 2013.