Meru Networks
MERU NETWORKS INC (Form: 4, Received: 04/02/2010 18:48:31)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Erickson Thomas J.
2. Issuer Name and Ticker or Trading Symbol

MERU NETWORKS INC [ MERU ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

894 ROSS DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

3/31/2010
(Street)

SUNNYVALE, CA 94089
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

___ Form filed by One Reporting Person
_ X _ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Preferred Stock Warrants (right to buy)   $0.7023   3/31/2010     X         552560    6/10/2008   6/10/2013   (1) Series E Convertible Preferred Stock   326996   (2) $0   0   I   See Footnote   (3)
Preferred Stock Warrants (right to buy)   $0.7023   3/31/2010     X         165768    9/8/2008   9/8/2013   (4) Series E Convertible Preferred Stock   98099   (2) $0   0   I   See Footnote   (3)
Series E Convertible Preferred Stock     (5) 3/31/2010     X      326996       3/31/2010     (6) Common Stock     (5) $0   6202778   I   See Footnote   (3)
Series E Convertible Preferred Stock     (5) 3/31/2010     X      98099       3/31/2010     (6) Common Stock     (5) $0   6300877   I   See Footnote   (3)

Explanation of Responses:
( 1)  These securities expire upon the earlier of (i) the consummation of an initial public offering of the securities of Meru Networks, Inc. (the "Company"), (ii) the consummation of the sale of the Company, or (iii) June 10, 2013.
( 2)  Represents the net number of shares of Series E Convertible Preferred Stock of the Company issued in a cashless exercise of the Preferred Stock Warrants after the exclusion of shares representing the exercise price.
( 3)  These securities are held directly by Bluestream Ventures, L.P. Thomas Erickson is a general partner of Bluestream Ventures, L.P. and may be deemed to beneficially own such shares. Mr. Erickson disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
( 4)  These securities expire upon the earlier of (i) the consummation of an initial public offering of the securities of the Company, (ii) the consummation of the sale of the Company, or (iii) September 8, 2013.
( 5)  Each outstanding share of the Issuer's Series E Convertible Preferred Stock will automatically convert into approximately 0.08974 shares of the Issuer's Common Stock upon the closing of the initial public offering of the Issuer's Common Stock.
( 6)  The Series E Convertible Preferred Stock has no expiration date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Erickson Thomas J.
894 ROSS DRIVE
SUNNYVALE, CA 94089
X X

BLUESTREAM VENTURES LP
225 SOUTH SIXTH STREET, SUITE 4350
MINNEAPOLIS, MN 55402

X


Signatures
/s/ Richard Mosher, Attorney-in-Fact for Thomas Erickson 4/2/2010
** Signature of Reporting Person Date

/s/ Constance Paiement, Attorney-in-Fact for Bluestream Ventures, L.P. 4/2/2010
** 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).
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