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*
Tomlinson Steffan

(Last) (First) (Middle)
1344 CROSSMAN AVENUE

(Street)
SUNNYVALE CA 94089

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/14/2010
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)
Code V Amount (A) or (D) Price
Common Stock 12/14/2010 P(1) 5,000 A $22.5 11,433 D
Common Stock 12/20/2010 M 50,000 A $1.25 61,433 D
Common Stock 12/20/2010 S(2) 50,000 D $22.5493(3) 11,433 D
Common Stock 12/21/2010 J(4) 5,000 D (4) 6,433 D
Common Stock 8,316 I By Trust
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy) $1.25 12/20/2010 M 50,000 (5) 10/05/2015 Common Stock 50,000 $0 68,792 D
Explanation of Responses:
1. Represents an inadvertent purchase by a co-signor on the Reporting Person's joint account. The Reporting Person's deemed purchase of the Issuer's Common Stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 5,000 shares with the Reporting Person's sales of the Issuer's Common Stock at a weighted average price of $23.7536 per share on November 23, 2010. The Reporting Person has paid $6,268 to the Issuer, representing the deemed profit realized in connection with the short-swing transaction as calculated pursuant to Section 16(b). The Reporting Person may owe additional disgorgement to the Issuer in the event of a future sale of the Issuer's Common Stock within six months of December 14, 2010 on the incremental amount, if any, between the future sale price and the prices used to calculate the disgorgement disclosed above, and only on 5,000 shares.
2. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 28, 2010.
3. Sale prices range from $22.23 per share to $22.83 per share. Sale price listed represents the weighted average sale price of all 50,000 shares sold.
4. Represents a non-market transfer of such shares by a co-signor on the Reporting Person's joint account to the co-signor's sole account.
5. 25% of the shares subject to the option vested on September 1, 2006, and the remaining shares vested monthly thereafter, such that 100% of the shares subject to the option became fully vested on September 1, 2009.
Jeannette Bjoernsen, Attorney-in-fact for Steffan C. Tomlinson 12/22/2010
** 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).
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.