FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 06/01/2012 |
3. Issuer Name and Ticker or Trading Symbol
MERU NETWORKS INC [ MERU ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 3,331 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | (1) | 07/21/2018 | Common Stock | 6,538 | $4.81 | D | |
Stock Option (right to buy) | (2) | 09/23/2019 | Common Stock | 19,230 | $7.8 | D | |
Stock Option (right to buy) | (3) | 02/21/2020 | Common Stock | 13,460 | $9.1 | D | |
Stock Option (right to buy) | (4) | 04/20/2021 | Common Stock | 6,500 | $17.34 | D | |
Restricted Stock Units(5) | (6) | 04/20/2021 | Common Stock | 3,400 | $0 | D | |
Stock Option (right to buy) | (7) | 11/07/2021 | Common Stock | 6,500 | $5.54 | D | |
Restricted Stock Units(5) | (8) | 11/07/2021 | Common Stock | 26,000 | $0 | D | |
Stock Option (right to buy) | (9) | 02/07/2022 | Common Stock | 10,000 | $3.75 | D | |
Restricted Stock Units(5) | (10) | 02/07/2022 | Common Stock | 4,000 | $0 | D | |
Restricted Stock Units(5) | (11) | 02/07/2022 | Common Stock | 4,000 | $0 | D |
Explanation of Responses: |
1. The options are immediately exercisable and are subject to the Issuer's right of repurchase, which right lapses as to 25% of the shares on 1/06/2009 and 1/48th each full month thereafter. |
2. The options are immediately exercisable and are subject to the Issuer's right of repurchase, which right lapses as to 1/48th on 10/23/2009 and 1/48th each full month thereafter. |
3. The options are immediately exercisable and are subject to the Issuer's right of repurchase, which right lapses as to 25% of the shares on 2/10/11 and 1/48th each full month thereafter. |
4. The option will vest in equal monthly installments commencing on February 1, 2011, such that 100% of the shares subject to the option will be fully vested and exercisable on January 1, 2015. |
5. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting. |
6. The RSUs have been issued in two tranches, fifty percent (50%) of the RSUs will vest on January 1, 2014 and the vesting of the remaining fifty percent (50%) will be subject to the achievement of performance metrics in the Board of Directors' approved strategic plan. The shares, if any, will be vested on January 1, 2014. |
7. The option will vest in equal monthly installments commencing on December 7, 2011, such that 100% of the shares subject to the option will be fully vested and exercisable on November 7, 2015. |
8. The RSU will vest in two equal installments, fifty percent (50%) of the RSUs will vest on October 6, 2012 and the remaining fifty percent (50%) of the RSUs will vest on October 6, 2013. |
9. The option will vest in equal monthly installments commencing on March 7, 2012, such that 100% of the shares subject to the option will be fully vested and exercisable on February 7, 2016. The option is subject to the Change of Control provisions described in the Form of Change of Control Agreement the Company filed with the Security and Exchange Commission. |
10. 100% of the RSU will be fully vested on January 1, 2015. The RSU is subject to the Change of Control provisions described in the Form of Change of Control Agreement the Company filed with the Security and Exchange Commission. |
11. The RSUs will be subject to the achievement of performance metrics approved by the Board of Directors. The shares, if any, will be vested on January 1, 2015. The RSU is subject to the Change of Control provisions described in the Form of Change of Control Agreement the Company filed with the Security and Exchange Commission. |
/s/ Richard Mosher, Attorney-in-fact | 06/08/2012 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |