SEC Form 4 · accession 0001209191-15-001444
RUCKUS WIRELESS INC · RKUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Denis Maynard
Officer — V.P.Sales and Field Operations
Period of report
Jan 2, 2015
Accepted (ET)
Jan 5, 2015 · 6:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001294016
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 2, 2015 | M | 12,000 | $1.98 | A | 42,186 | D | |
| Common StockF2 | Jan 2, 2015 | S | 12,000 | $11.7636 | D | 30,186 | D | |
| Common Stock | Jan 2, 2015 | M | 400 | $5.71 | A | 30,586 | D | |
| Common StockF3,F4 | Jan 2, 2015 | S | 400 | $12.01 | D | 30,186 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F5 | $1.98 | Jan 2, 2015 | M | 12,000 | D | — | Sep 14, 2021 | Common Stock | 12,000 | 112,500 | D |
| Stock Option (Right to Buy)F6 | $5.71 | Jan 2, 2015 | M | 400 | D | — | Jun 27, 2022 | Common Stock | 400 | 78,920 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 30, 2014.
- F2This sale price represents the weighted average sale price of the shares sold ranging from $11.61 to $12.04 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F3This sale price represents the weighted average sale price of the shares sold ranging from $12.00 to $12.04 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F4Includes restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- F5The Option shares shall vest as follows: one-fourth (1/4th) of the shares vest one year after August 29, 2011; the balance of the shares vest in a series of thirty-six (36) successive equal monthly installments measured from the first anniversary of August 29, 2011, subject to Reporting Person's Continuous Service (as defined in the Issuer's 2002 Stock Plan) as of each such date.
- F6The Option shares shall vest as follows: 10% of the total Option shall vest in the first 12 months following June 28, 2012 at a rate of 1/12th of 10% of the total Option, 20% of total Option shall vest in months 13 through 24 following June 28, 2012 at a rate of 1/12th of 20% of total Option, 30% of total Option shall vest in months 25 through 36 following June 28, 2012 at a rate of 1/12th of 30% of total Option, and 40% of total Option shall vest in months 37 through 48 following June 28, 2012 at a rate of 1/12th of 40% of total Option, subject to Reporting Person's Continuous Service (as defined in the Issuer's 2012 Equity Incentive Plan) as of each date.