0001209191-15-013963.txt : 20150213
0001209191-15-013963.hdr.sgml : 20150213
20150213213715
ACCESSION NUMBER: 0001209191-15-013963
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150129
FILED AS OF DATE: 20150213
DATE AS OF CHANGE: 20150213
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MERU NETWORKS INC
CENTRAL INDEX KEY: 0001167294
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576]
IRS NUMBER: 260049840
STATE OF INCORPORATION: DE
BUSINESS ADDRESS:
STREET 1: 894 ROSS DRIVE
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
BUSINESS PHONE: (408) 215-5300
MAIL ADDRESS:
STREET 1: 894 ROSS DRIVE
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Malik Ajay
CENTRAL INDEX KEY: 0001585211
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34659
FILM NUMBER: 15617450
MAIL ADDRESS:
STREET 1: 894 ROSS DRIVE
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-01-29
0
0001167294
MERU NETWORKS INC
MERU
0001585211
Malik Ajay
894 ROSS DRIVE
SUNNYVALE
CA
94089
0
1
0
0
SVP, Worldwide Engineering
Common Stock
2015-01-29
4
M
0
8000
0.00
A
35968
D
Common Stock
2015-01-29
4
F
0
3430
3.23
D
32538
D
Common Stock
2015-02-11
4
A
0
4748
0.00
A
37286
D
Common Stock
2015-02-11
4
F
0
2035
2.78
D
35251
D
Restricted Stock Units
0.00
2015-01-29
4
D
0
8000
0.00
D
2024-01-29
Common Stock
8000
16000
D
Restricted Stock Units
0.00
2015-02-11
4
A
0
28000
0.00
A
2025-02-11
Common Stock
28000
28000
D
Restricted Stock Units
0.00
2015-02-11
4
A
0
14000
0.00
A
2025-02-11
Common Stock
14000
14000
D
Restricted Stock Units
0.00
2015-02-11
4
A
0
14000
0.00
A
2025-02-11
Common Stock
14000
14000
D
Shares withheld for payment of taxes for vesting of RSUs in accordance with Rule 16b-3 previously reported on Form 4.
Shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of common stock of the issuer upon vesting.
The RSUs are fully vested as of the date of grant, 02/11/2015.
Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of the issuer upon vesting.
The RSUs will vest in three equal annual installments such that 100% of the RSUs will be fully vested on January 29, 2017. The RSU is subject to the change of control provisions described in the applicable change of control agreement.
The RSUs will vest in three equal annual installments such that 100% of the RSUs will be fully vested on February 11, 2018. The RSU is subject to the change of control provisions described in the applicable change of control agreement.
The RSUs shall be earned in full upon the Company's achievement, during 2015, 2016 or 2017, of equaling or exceeding the market growth rate for Company revenues during any such calendar year as reported by Dell'Oro, and in the absence of a report by Dell'Oro (or its equivalent), 15%. The RSUs are subject to acceleration and will be fully vested upon certain change of control conditions being met in the event of a change of control of the Company.
The RSUs shall be earned in full upon the Company's achievement, during 2015, 2016 or 2017, of two consecutive quarters of non-GAAP profitability, as adjusted for cash equivalent of bonus payments made in the form of RSU's. The RSUs are subject to acceleration and will be fully vested upon certain change of control conditions being met in the event of a change of control of the Company.
/s/ Mark Liu, Attorney-in-fact
2015-02-13