4//SEC Filing
ARUBA NETWORKS, INC. 4
Accession 0001499416-15-000035
CIK 0001173752operating
Filed
May 19, 8:00 PM ET
Accepted
May 20, 5:42 PM ET
Size
14.4 KB
Accession
0001499416-15-000035
Insider Transaction Report
Form 4
Galvin Michael M
VP, Finance (Interim PFO)
Transactions
- Disposition to Issuer
Restricted Stock Units
2015-05-18−20,625→ 0 totalExercise: $0.00From: 2014-09-15Exp: 2017-12-15→ Common Stock (20,625 underlying) - Disposition to Issuer
Restricted Stock Units
2015-05-18−40,625→ 0 totalExercise: $0.00From: 2015-05-18Exp: 2017-07-31→ Common Stock (40,625 underlying) - Disposition to Issuer
Common Stock
2015-05-18+34,375→ 248,945 total - Disposition to Issuer
Common Stock
2015-05-18−248,945→ 0 total - Award
Restricted Stock Units
2015-05-18+40,625→ 40,625 totalExercise: $0.00From: 2015-05-18Exp: 2017-07-31→ Common Stock (40,625 underlying)
Footnotes (6)
- [F1]Represents market stock units which became fully vested and were issued as shares of common stock immediately prior to the consummation of the Merger, as defined below.
- [F2]248,945 shares were disposed of at the effective time of the merger of a subsidiary of Hewlett-Packard Company ("Hewlett-Packard") with and into the Issuer ("Merger") pursuant to the Agreement and Plan of Merger, dated as of March 2, 2015, by and among Hewlett-Packard Company, Aspen Acquisition Sub, Inc. and the Issuer (the "Merger Agreement") in exchange for $24.67 per share, without interest, and subject to deduction for any applicable withholding taxes (the "Merger Consideration"). 29,687 shares consist of restricted stock units that remain subject to time-based vesting and forfeiture conditions and were converted into such number of restricted stock units of Hewlett-Packard determined by multiplying the number of unvested restricted stock units by the Exchange Ratio, as defined below.
- [F3]40,625 market stock units became earned on May 18, 2015 and became time-based restricted stock units subject to vesting in equal quarterly installments following May 18, 2015.
- [F4]This is not a reportable field.
- [F5]40,625 restricted stock units remain subject to time-based vesting and forfeiture conditions and were converted into such number of restricted stock units of Hewlett-Packard determined by multiplying the number of unvested restricted stock units by the Exchange Ratio.
- [F6]20,625 shares consist of restricted stock units that remain subject to time-based vesting and forfeiture conditions and were converted into such number of restricted stock units of Hewlett-Packard determined by multiplying the number of unvested restricted stock units by a fraction, of which the numerator is equal to the Merger Consideration and the denominator is equal to the average closing price of a share of Hewlett-Packard common stock on the New York Stock Exchange for the five consecutive trading days immediately preceding (but not including) the closing date (the "Exchange Ratio"), rounded down to the nearest whole share and pursuant to the terms and conditions of the Merger Agreement.
Documents
Issuer
ARUBA NETWORKS, INC.
CIK 0001173752
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001173752
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 5:42 PM ET
- Size
- 14.4 KB