Sheth Hitesh 4
4 · ARUBA NETWORKS, INC. · Filed May 2, 2012
Insider Transaction Report
Form 4
Sheth Hitesh
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2012-05-01$7.93/sh+25,000$198,250→ 91,843 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2012-05-01−25,000→ 515,000 totalExercise: $7.93Exp: 2016-08-13→ Common Stock (25,000 underlying) - Sale
Common Stock
2012-05-01$20.74/sh−25,000$518,378→ 66,843 total
Footnotes (3)
- [F1]The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 14, 2011, and amended on December 29, 2011.
- [F2]Sale prices range from $20.60 per share to $20.90 per share. Sale price listed represents the weighted average sale price of all 25,000 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.