SEC Form 4 · accession 0001209191-15-016666
MERU NETWORKS INC · MERU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sarosh Vesuna
Officer — VP & GM, Business Units
Period of report
Jan 1, 2015
Accepted (ET)
Feb 20, 2015 · 4:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001167294
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 1, 2015 | M | 4,000 | $0.00 | A | 35,966 | D | |
| Common StockF1 | Jan 1, 2015 | F | 1,715 | $3.83 | D | 34,251 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Jan 1, 2015 | D | 4,000 | D | — | Jan 1, 2022 | Common Stock | 4,000 | 0 | D |
Explanation of responses
- F1In accordance with Rule 16b-3, shares withheld for payment of taxes for vesting of RSUs previously reported on Form 4.
- F2Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.
- F3The RSUs will vest in three equal installments such that 100% of the RSUs will be fully vested on January 1, 2015. The RSUs are subject to the change of control provisions described in the applicable change of control agreement.