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4//SEC Filing

Mosher Richard 4

Accession 0001181431-12-047443

CIK 0001167294other
View on SEC.govCompany Profile

Filed

Aug 23, 8:00 PM ET

Accepted

Aug 24, 8:30 PM ET

Size

22.0 KB

Accession

0001181431-12-047443

Insider Transaction Report

Form 4
Period: 2012-08-22
MERU NETWORKS INCMERU
Mosher Richard
VP and General Counsel
Transactions
  • Disposition to Issuer

    Stock Option (right to buy)

    2012-08-22−28,846→ 0 total
    Exercise: $9.10Exp: 2020-01-10→ Common Stock (28,846 underlying)
  • Award

    Stock Option (right to buy)

    2012-08-23+9,946→ 9,946 total
    Exercise: $3.40Exp: 2022-08-23→ Common Stock (9,946 underlying)
  • Award

    Stock Option (right to buy)

    2012-08-23+3,978→ 3,978 total
    Exercise: $3.40Exp: 2022-08-23→ Common Stock (3,978 underlying)
  • Award

    Restricted Stock Units

    2012-08-23+4,000→ 4,000 total
    Exercise: $0.00Exp: 2022-08-23→ Common Stock (4,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2012-08-22−6,500→ 0 total
    Exercise: $17.34Exp: 2021-04-20→ Common Stock (6,500 underlying)
  • Award

    Stock Option (right to buy)

    2012-08-23+1,000→ 1,000 total
    Exercise: $3.40Exp: 2022-08-23→ Common Stock (1,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2012-08-22−11,538→ 0 total
    Exercise: $9.10Exp: 2020-02-21→ Common Stock (11,538 underlying)
  • Award

    Stock Option (right to buy)

    2012-08-23+8,000→ 8,000 total
    Exercise: $3.40Exp: 2022-08-23→ Common Stock (8,000 underlying)
Footnotes (10)
  • [F1]This option was exercisable at grant and was subject to the Issuer's right of repurchase, which right lapsed as to 25% of the shares on 11/29/2010 and 1/48th each full month thereafter.
  • [F10]On August 22, 2012, the Issuer cancelled, pursuant to the Issuer's option exchange program, an option for 6,500 shares of Meru Networks Common Stock granted to the reporting person on April 20, 2011. In exchange for the option, the reporting person received a replacement option, for 1,000 shares, having an exercise price of $3.40 a share.
  • [F2]On August 22, 2012, the Issuer cancelled, pursuant to the Issuer's option exchange program, an option for 28,846 shares of Meru Networks Common Stock granted to the reporting person on January 10, 2010. In exchange for the option, the reporting person received a replacement option, for 9,946 shares, having an exercise price of $3.40 a share.
  • [F3]25% of the shares subject to this option vest and will become exercisable on August 23, 2013, and 1/36th of the remaining shares vest monthly thereafter, such that 100% of the shares subject to the option will become fully vested and exercisable on August 23, 2016.
  • [F4]This options was exercisable at grant and was subject to the Issuer's right of repurchase, which right lapsed as to 25% of the shares on 02/10/2011 and 1/48th each full month thereafter.
  • [F5]On August 22, 2012, the Issuer cancelled, pursuant to the Issuer's option exchange program, an option for 11,538 shares of Meru Networks Common Stock granted to the reporting person on February 21, 2010. In exchange for the option, the reporting person received a replacement option, for 3,978 shares, having an exercise price of $3.40 a share.
  • [F6]The option will vest in two equal installments, fifty percent (50%) of the options will vest on August 23, 2013 and the remaining fifty percent (50%) of the options will vest on August 23, 2014. The option is subject to the Change of Control provisions described in the Severance and Change of Control Agreement the Company filed with the Security and Exchange Commission.
  • [F7]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.
  • [F8]The RSU will vest in two equal installments, fifty percent (50%) of the RSUs will vest on August 23, 2013 and the remaining fifty percent (50%) of the RSUs will vest on August 23, 2014. The RSU is subject to the Change of Control provisions described in the Severance and Change of Control Agreement the Company filed with the Security and Exchange Commission.
  • [F9]The option vested in equal monthly installments commencing on February 1, 2011, such that 100% of the shares subject to the option will be fully vested and exercisable on January 1, 2015.

Documents

1 file

Issuer

MERU NETWORKS INC

CIK 0001167294

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Entity typeother

Related Parties

1
  • filerCIK 0001488189

Filing Metadata

Form type
4
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 8:30 PM ET
Size
22.0 KB
View on SEC.gov