IPASS INC 4
4 · IPASS INC · Filed Sep 11, 2014
Insider Transaction Report
Form 4
IPASS INCIPAS
Nelson Barbara Mary
Vice President and CTO
Transactions
- Award
Common Stock
2014-09-09+30,000→ 281,293 total
Footnotes (1)
- [F1]Award fully vests on December 31, 2017. Award is subject to accelerated vesting as follows: 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $88 million or more of Open Mobile ("OM") annual run rate revenue in a calendar quarter, 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $100 million or more of Open Mobile ("OM") annual run rate revenue in a calendar quarter, 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $112 million or more of Open Mobile ("OM") annual run rate revenue in a calendar quarter, and 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $124 million or more of Open Mobile ("OM") annual run rate revenue in a calendar quarter.