SEC Form 4 · accession 0001499416-15-000008
ARUBA NETWORKS, INC. · ARUN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael M Galvin
Officer — Chief Financial Officer
Period of report
Mar 15, 2015
Accepted (ET)
Mar 17, 2015 · 5:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001173752
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 15, 2015 | M | 1,875 | $0.00 | A | 232,055 | D | |
| Common Stock | Mar 16, 2015 | S | 13,182 | $24.4518 | D | 218,873 | D | |
| Common StockF3 | Mar 17, 2015 | S | 4,303 | $24.4446 | D | 214,570 | 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 UnitsF6,F4,F5 | $0.00 | Mar 15, 2015 | M | 1,875 | D | Sep 15, 2014 | Dec 15, 2017 | Common Stock | 1,875 | 20,625 | D |
Explanation of responses
- F1Since the reporting person's last filing, 1,505 shares were acquired through the Company's Employee Stock Purchase Plan.
- F2The sale reported was effected for the payment of payroll taxes due upon the release of shares to the Reporting Person.
- F3Includes an aggregate of 29,687 unvested restricted stock units. In the event the Reporting Person ceases to be a Service Provider before these restricted stock units vest, the unvested restricted stock units will be forfeited to the Issuer. Each restricted stock unit represents one full share.
- F4Each restricted stock unit represents a full value share, there is no exercise price.
- F5The Reporting Person received a grant of restricted stock units scheduled to vest in 16 equal quarterly installments beginning on March 15, 2014. In the event the Reporting Person ceases to be a Service Provider before these restricted stock units vest, the unvested restricted stock units will be forfeited. Each restricted stock unit represents one full share.
- F6This is not a reportable field.