4//SEC Filing
North Sound Trading, LP 4
Accession 0000950142-19-001553
CIK 0001022652other
Filed
Jul 11, 8:00 PM ET
Accepted
Jul 12, 5:01 PM ET
Size
12.9 KB
Accession
0000950142-19-001553
Insider Transaction Report
Form 4
INSEEGO CORP.INSG
North Sound Management, Inc.
Director10% Owner
Transactions
- Purchase
Convertible Note
2019-07-10$33073967.50/sh(indirect: See Footnote)Exercise: $4.70→ Common Stock - Sale
Common Stock
2019-07-10$4.80/sh−3,900,000$18,720,000→ 6,401,995 total(indirect: See Footnote)
Holdings
- 60,083
Common Stock
Miller Brian
Director10% Owner
Transactions
- Sale
Common Stock
2019-07-10$4.80/sh−3,900,000$18,720,000→ 6,401,995 total(indirect: See Footnote) - Purchase
Convertible Note
2019-07-10$33073967.50/sh(indirect: See Footnote)Exercise: $4.70→ Common Stock
Holdings
- 60,083
Common Stock
North Sound Trading, LP
Director10% Owner
Transactions
- Purchase
Convertible Note
2019-07-10$33073967.50/sh(indirect: See Footnote)Exercise: $4.70→ Common Stock - Sale
Common Stock
2019-07-10$4.80/sh−3,900,000$18,720,000→ 6,401,995 total(indirect: See Footnote)
Holdings
- 60,083
Common Stock
Footnotes (5)
- [F1]The shares and convertible notes are owned directly by North Sound Trading, LP, a Delaware partnership ("North Sound Trading"). Mr. Miller is the sole shareholder of North Sound Management, Inc., a Delaware corporation ("North Sound Management"), which in turn is the general partner of North Sound Trading. Mr. Miller and North Sound Management may be deemed to indirectly own the shares and convertible notes directly owned by North Sound Trading. Each of North Sound Trading and North Sound Management is deemed a director by deputization by virtue of their relationship with Mr. Miller, a director of the Issuer.
- [F2]Of the 60,083 restricted stock units, 42,521 restricted stock units are scheduled to vest over a three-year period, with one-third vesting on each anniversary of the grant date through the third anniversary of the grant date. The remaining 17,562 restricted stock units are scheduled to vest in full on the first anniversary of the grant date.
- [F3]The restricted stock units convert into common stock on a one-for-one basis.
- [F4]The restricted stock units are owned directly by Brian Miller.
- [F5]The convertible note will mature on June 15, 2022, unless earlier converted, redeemed or repurchased. The convertible note is convertible into cash, shares of the Issuer's common stock, or a combination thereof, at the Issuer's election, at an initial conversion price of $4.70 per share of common stock, which is subject to adjustment. The convertible note may be converted by the holder in whole or in part at any time prior to the close of business on the business day immediately preceding December 15, 2021, but subject to certain conditions.
Documents
Issuer
INSEEGO CORP.
CIK 0001022652
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001633979
Filing Metadata
- Form type
- 4
- Filed
- Jul 11, 8:00 PM ET
- Accepted
- Jul 12, 5:01 PM ET
- Size
- 12.9 KB