Sec Form 4 Filing - LEONE DOUGLAS M @ ARUBA NETWORKS, INC. - 2012-05-25

Insider filing report for Changes in Beneficial Ownership
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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
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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LEONE DOUGLAS M
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 _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
SEQUOIA CAPITAL, 3000 SAND HILL ROAD, BLDG 4, #250
3. Date of Earliest Transaction (MM/DD/YY)
05/25/2012
(Street)
MENLO PARK, CA94025
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 05/25/2012 S 327,377 D $ 13.7223 ( 1 ) 641,918 I By Partnership ( 3 )
Common Stock 05/29/2012 S 305,921 D $ 13.8748 ( 2 ) 335,997 I By Partnership ( 3 )
Common Stock 05/25/2012 S 14,423 D $ 13.7223 ( 1 ) 28,282 I By Partnership ( 4 )
Common Stock 05/29/2012 S 13,479 D $ 13.8748 ( 2 ) 14,803 I By Partnership ( 4 )
Common Stock 4,943 D
Common Stock 250,362 I By Trust ( 5 )
Common Stock 250,363 I By Trust ( 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEONE DOUGLAS M
SEQUOIA CAPITAL
3000 SAND HILL ROAD, BLDG 4, #250
MENLO PARK, CA94025
X
Signatures
By: Jeannette Bjoernsen Attorney-in-Fact For: Douglas Leone 05/30/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These trades occurred within the price range of $13.60 through $13.82. The reported price is the weighted average price for all trades within this range. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
( 2 )These trades occurred within the price range of $13.63 through $14.03. The reported price is the weighted average price for all trades within this range. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.
( 3 )Shares held directly by Sequoia Capital US Growth Fund IV ("SC Growth Fund IV"). The Reporting Person is a Managing Director of SCGF GenPar Ltd. ("SCGF GenPar"). SCGF GenPar is the general partner of SCGF IV Management LP, which is the general partner of SC Growth Fund IV. By virtue of these relationships, Mr. Leone may be deemed to share voting and dispositive power with respect to the shares owned by SC Growth Fund IV. Mr. Leone disclaims beneficial ownership of the securities held by SC Growth Fund IV except to the extent of his pecuniary interest therein.
( 4 )Shares held directly by Sequoia Capital USGF Principals Fund IV ("SC USGF Principals Fund IV"). The Reporting Person is a Managing Director of SCGF GenPar. SCGF GenPar is the general partner of SCGF IV Management LP, which is the general partner of SC USGF Principals Fund IV. By virtue of these relationships, Mr. Leone may be deemed to share voting and dispositive power with respect to the shares owned by SC USGF Principals Fund IV. Mr. Leone disclaims beneficial ownership of the securities held by SC USGF Principals Fund IV except to the extent of his pecuniary interest therein.
( 5 )Mr. Leone disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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