IPASS INC 4
4 · IPASS INC · Filed Jul 27, 2015
Insider Transaction Report
Form 4
IPASS INCIPAS
Kaplan Evan
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
2015-07-23$1.11/sh−90,988$101,452→ 562,687 total - Sale
Common Stock
2015-07-24$1.10/sh−14,261$15,690→ 523,426 total - Sale
Common Stock
2015-07-23$1.11/sh−25,000$27,875→ 537,687 total
Footnotes (3)
- [F1]The price in Column 4 is a weighted average purchase price. The prices actually received ranged from $1.11 to $1.12. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- [F2]The reporting person's sale of iPass common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of the 20,000 shares,with the reporting person's purchase of 20,000 shares of iPass common stock at a price of $0.90 per share on February 24, 2015. The reporting person has agreed to pay to iPass,upon settlement of the sale, approximately $262, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs, and amounts previously paid in settlement on previous trades matched against the same shares.
- [F3]The price in Column 4 is a weighted average purchase price. The prices actually received ranged from $1.09 to $1.12. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.