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^*

LEONE DOUGLAS M

(Last)

(First)

(Middle)

SEQUOIA CAPITAL

3000 SAND HILL ROAD, BLDG4, #180

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ARUBA NETWORKS, INC. [ ARUN ]

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)
03/30/2007

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

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

X	Form filed by One Reporting Person
	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	03/30/2007		C		6,480,000	A	⁽¹⁾	6,480,000	I	by Partnership⁽²⁾
Common Stock	03/30/2007		C		4,065,190	A	⁽¹⁾	10,545,190	I	by Partnership⁽³⁾
Common Stock	03/30/2007		C		2,296,287	A	⁽¹⁾	12,841,477	I	by Partnership⁽⁴⁾
Common Stock	03/30/2007		C		818,104	A	⁽¹⁾	13,659,581	I	by Partnership⁽⁵⁾

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)
Series A Convertible Preferred	⁽¹⁾	03/30/2007		C			6,480,000	⁽¹⁾	⁽¹⁾	Common Stock	6,480,000	$0	0	I	by Partnership⁽²⁾
Series B Convertible Preferred	⁽¹⁾	03/30/2007		C			4,065,190	⁽¹⁾	⁽¹⁾	Common Stock	4,065,190	$0	0	I	by Partnership⁽³⁾
Series C Convertible Preferred	⁽¹⁾	03/30/2007		C			2,296,287	⁽¹⁾	⁽¹⁾	Common Stock	2,296,287	$0	0	I	by Partnership⁽⁴⁾
Series D Convertible Preferred	⁽¹⁾	03/30/2007		C			818,104	⁽¹⁾	⁽¹⁾	Common Stock	818,104	$0	0	I	by Partnership⁽⁵⁾

Explanation of Responses:

1. Each share of Issuer's Convertible Preferred Stock automatically converted into one share of Issuer's Common Stock upon the closing of Issuer's initial public offering and had no expiration date.

2. Securities held of record by Sequoia Capital X (5,106,240), Sequoia Capital X Principals Fund (616,896), and Sequoia Technology Partners X (756,864). Reporting Person is a managing member of SC X Management, L.L.C., the general partner of Sequoia Capital X and Sequoia Technology Partners X, and the managing member of Sequoia Capital X Principals Fund. Reporting Person disclaims beneficial ownership of these securities except to the extent of his pro-rata interest.

3. Securities held of record by Sequoia Capital X (3,296,463), Sequoia Capital X Principals Fund (293,913), and Sequoia Technology Partners X (474,814). Reporting Person is a managing member of SC X Management, L.L.C., the general partner of Sequoia Capital X and Sequoia Technology Partners X, and the managing member of Sequoia Capital X Principals Fund. Reporting Person disclaims beneficial ownership of these securities except to the extent of his pro-rata interest.

4. Securities held of record by Sequoia Capital X (1,862,059), Sequoia Capital X Principals Fund (166,022), and Sequoia Technology Partners X (268,206). Reporting Person is a managing member of SC X Management, L.L.C., the general partner of Sequoia Capital X and Sequoia Technology Partners X, and the managing member of Sequoia Capital X Principals Fund. Reporting Person disclaims beneficial ownership of these securities except to the extent of his pro-rata interest.

5. Securities held of record by Sequoia Capital Growth Fund III (418,240), Sequoia Capital Growth III Principals Fund (20,690), Sequoia Capital Growth Partners III (4,604), Sequoia Capital X (303,740), Sequoia Capital X Principals Fund (27,081), and Sequoia Technology Partners X (43,749). Reporting Person is a managing member of SC X Management, L.L.C., the general partner of Sequoia Capital X and Sequoia Technology Partners X and the managing member of Sequoia Capital X Principals Fund, and is also a managing member of SCGF III Management, L.L.C., the general partner of Sequoia Capital Growth Fund III and Sequoia Capital Growth Partners III and the managing member of Sequoia Capital Growth III Principals Fund. Reporting Person disclaims beneficial ownership of these securities except to the extent of his pro-rata interest.

	By: Jeannette Bjoernsen Attorney-in-Fact For: Douglas Leone	04/03/2007
	** 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 4 (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).
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