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