SEC Form 4 · accession 0001209191-15-005076
RUCKUS WIRELESS INC · RKUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barton M. Burstein
Officer — Sr. V.P. Field Op and Bus Dev
Period of report
Jan 15, 2015
Accepted (ET)
Jan 20, 2015 · 4:26 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 15, 2015 | M | 15,000 | $2.01 | A | 36,432 | D | |
| Common StockF2 | Jan 15, 2015 | S | 15,000 | $9.2795 | D | 21,432 | D | |
| Common Stock | Jan 15, 2015 | M | 2,500 | $5.71 | A | 23,932 | D | |
| Common StockF3 | Jan 15, 2015 | S | 2,500 | $9.2758 | D | 21,432 | D | |
| Common Stock | Jan 16, 2015 | M | 15,000 | $2.01 | A | 36,432 | D | |
| Common StockF4 | Jan 16, 2015 | S | 15,000 | $9.3521 | D | 21,432 | D | |
| Common Stock | Jan 16, 2015 | M | 2,500 | $5.71 | A | 23,932 | D | |
| Common StockF5,F6 | Jan 16, 2015 | S | 2,500 | $9.3542 | D | 21,432 | 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)F7 | $2.01 | Jan 15, 2015 | M | 15,000 | D | — | Jun 20, 2021 | Common Stock | 15,000 | 75,332 | D |
| Stock Option (Right to Buy)F7 | $2.01 | Jan 16, 2015 | M | 15,000 | D | — | Jun 20, 2021 | Common Stock | 15,000 | 60,332 | D |
| Stock Option (Right to Buy)F8 | $5.71 | Jan 15, 2015 | M | 2,500 | D | — | Jun 27, 2022 | Common Stock | 2,500 | 62,710 | D |
| Stock Option (Right to Buy)F8 | $5.71 | Jan 16, 2015 | M | 2,500 | D | — | Jun 27, 2022 | Common Stock | 2,500 | 60,210 | 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 August 20, 2014.
- F2This sale price represents the weighted average sale price of the shares sold ranging from $9.16 to $9.48 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 $9.235 to $9.39 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.
- F4This sale price represents the weighted average sale price of the shares sold ranging from $9.21 to $9.50 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.
- F5This sale price represents the weighted average sale price of the shares sold ranging from $9.25 to $9.485 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.
- F6Includes 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.
- F7The Option shares shall vest as follows: 1/48th of the total number of Shares subject to the Option shall vest and become exercisable each month over the forty-eight months following June 21, 2011, subject to Reporting Person's Continuous Service (as defined in the Issuer's 2002 Stock Plan) as of each date.
- F8The 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.