SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Erickson Thomas J.

(Last)

(First)

(Middle)

894 ROSS DRIVE

(Street)

SUNNYVALE

94089

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MERU NETWORKS INC [ MERU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/06/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/06/2010		C		170,062	A	⁽¹⁾	171,306	I	See footnote⁽²⁾
Common Stock	04/06/2010		C		291,020	A	⁽³⁾	462,326	I	See footnote⁽²⁾
Common Stock	04/06/2010		C		324,735	A	⁽⁴⁾	787,061	I	See footnote⁽²⁾
Common Stock	04/06/2010		C		139,629	A	⁽⁵⁾	926,690	I	See footnote⁽²⁾
Common Stock	04/06/2010		C		545,879	A	⁽⁶⁾	1,472,569	I	See footnote⁽²⁾
Common Stock	04/06/2010		A		3,500	A	$0	3,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$18.75	04/06/2010		A		10,000		⁽⁷⁾	04/06/2020	Common Stock	10,000	$0	10,000	D
Series A-1 Convertible Preferred Stock	⁽¹⁾	04/06/2010		C			964,532	⁽¹⁾	⁽¹⁾	Common Stock	170,062	$0	0	I	See footnote⁽²⁾
Series B Convertible Preferred Stock	⁽³⁾	04/06/2010		C			3,564,098	⁽³⁾	⁽³⁾	Common Stock	291,020	$0	0	I	See footnote⁽²⁾
Series C Convertible Preferred Stock	⁽⁴⁾	04/06/2010		C			3,254,919	⁽⁴⁾	⁽⁴⁾	Common Stock	324,735	$0	0	I	See footnote⁽²⁾
Series D Convertible Preferred Stock	⁽⁵⁾	04/06/2010		C			1,224,924	⁽⁵⁾	⁽⁵⁾	Common Stock	139,629	$0	0	I	See footnote⁽²⁾
Series E Convertible Preferred Stock	⁽⁶⁾	04/06/2010		C			5,657,559	⁽⁶⁾	⁽⁶⁾	Common Stock	545,879	$0	0	I	See footnote⁽²⁾

1. Name and Address of Reporting Person^*

Erickson Thomas J.

(Last)

(First)

(Middle)

894 ROSS DRIVE

(Street)

SUNNYVALE

94089

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

BLUESTREAM VENTURES LP

(Last)

(First)

(Middle)

225 SOUTH SIXTH STREET, SUITE 4350

(Street)

MINNEAPOLIS

55402

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Each outstanding share of the Issuer's Series A-1 Convertible Preferred Stock automatically converted into approximately 0.17632 shares of Meru Networks, Inc.'s (the "Company") Common Stock in connection with the closing of the initial public offering of the Company's Common Stock.

2. These shares held directly by Bluestream Ventures, L.P. Thomas Erickson is a general partner of Bluestream Ventures, L.P. and may be deemed to beneficially own such shares. Mr. Erickson disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

3. Each outstanding share of the Company's Series B Convertible Preferred Stock automatically converted into approximately 0.08165 shares of the Company's Common Stock in connection with the closing of the initial public offering of the Company's Common Stock.

4. Each outstanding share of the Company's Series C Convertible Preferred Stock automatically converted into approximately 0.09977 shares of the Company's Common Stock in connection with the closing of the initial public offering of the Company's Common Stock.

5. Each outstanding share of the Company's Series D Convertible Preferred Stock automatically converted into approximately 0.11399 shares of the Company's Common Stock in connection with the closing of the initial public offering of the Company's Common Stock.

6. Each outstanding share of the Company's Series E Convertible Preferred Stock automatically converted into approximately 0.08974 shares of the Company's Common Stock in connection with the closing of the initial public offering of the Company's Common Stock.

7. The option vests in equal monthly installments beginning on April 6, 2010. Upon a change-of-control of the Company, the option will vest in full.

	/s/ Richard Mosher, Attorney-in-Fact	04/08/2010
	/s/ Constance Paiement, Authorized signatory for Bluestream Ventures, L.P.	04/08/2010
	** Signature of Reporting Person	Date
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