- Steffan Tomlinson, who is the former Chief Financial Officer, exercised 467,500 options over four trading days: On April 1st he exercised 5,000 options at a cost of $5.12 per option, on April 5th, he exercised 30,200 at a cost of $2.17 per option, on April 6th he exercised 260,858 options at a cost of $5.05 per option, and on April 7th he exercised 171,442 options at a cost of $7 per option. He subsequently sold 467,500 shares at market prices ranging from $30.48 to $31.90 per share. Net proceeds for these transactions were $11,142,761. He presently holds 0 shares in the company.
- Hitesh Sheth, who is the Chief Operating Officer, exercised 15,000 options at a cost of $7.93 per option for a total cost of $118,590. He presently hold 27,874 shares worth $887,508 as of today’s trading.
- Keerti Melkote, who is the Chief Technology Officer, exercised 40,000 options at a cost of $5.12 per option, on April 1st. He subsequently sold 10,000 shares at a market price of $33.81 per share on April 1st. The net proceeds of these transactions were $133,330. He presently holds 1,295,059 shares worth $41,234,678 as of today’s trading.
About the company: Aruba Networks, Inc. provides enterprise mobility solutions that enables secure access to date, voice and video applications across wireless and wireline enterprise networks. Its competitors include: Meru Networks, Inc. (NASDAQ:MERU),Cisco Systems, Inc. (NASDAQ:CSCO), Motorola Solutions Inc (NYSE:MSI), NetGear, Inc. (NASDAQ:NTGR), Alcatel-Lucent (ADR) (NYSE:ALU), Axesstel, Inc. (AXST), Hewlett-Packard Company (NYSE:HPQ), Sierra Wireless, Inc. (NASDAQ:SWIR), Juniper Networks, Inc. (NYSE:JNPR), Lantronix, Inc. (NASDAQ:LTRX).