LEWIS JOSEPH 4
4 · INSEEGO CORP. · Filed Sep 24, 2021
Insider Transaction Report
Form 4
INSEEGO CORP.INSG
Golden Harbor Ltd.
10% Owner
Transactions
- Disposition to Issuer
Series E Cumulative Perpetual Preferred Stock
2021-09-22−7,000→ 0 total - Award
Common Stock
2021-09-22+1,067,645→ 14,908,149 total
Footnotes (2)
- [F1]Pursuant to an Exchange Agreement (the "Exchange Agreement") dated September 3, 2021 between the Issuer and Golden Harbor Ltd. ("Golden Harbor"), on September 22, 2021, Golden Harbor exchanged its 7,000 shares of Issuer's Fixed-Rate Cumulative Perpetual Preferred Stock, Series E, par value $0.001 per share, for 1,067,645 shares of the Issuer's common stock (the "Exchange").
- [F2]These securities are owned directly by Golden Harbor, which may be deemed to be a member of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, consisting of Braslyn Ltd., Golden Harbor, Tavistock Financial, LLC and Joseph C. Lewis. Mr. Lewis is the sole indirect beneficial owner of and controls Golden Harbor. Each of Golden Harbor and Mr. Lewis is deemed a director by deputization by virtue of their relationship with James B. Avery, a director of the issuer. The Exchange is exempt from Section 16(b) of the Securities Exchange Act by virtue of the exemptions provided in Rule 16b-3.