Vickery Darin 4
4 · IPASS INC · Filed Feb 21, 2019
Insider Transaction Report
Form 4
IPASS INCipas
Vickery Darin
Principal Accounting Officer
Transactions
- Sale
Common Stock
2019-02-12$3.13/sh−20,410$63,883→ 33,626 total - Disposition from Tender
Common Stock
2019-02-12−33,626→ 0 total
Footnotes (3)
- [F1]This constitutes the sale of shares of common stock for statutory tax 50,00 Restricted Stock Awards were granted on March 31, 2018; 100% of the shares were released on February 12, 2019 pursuant to the Agreement and Plan of Merger dated as of November 12, 2018 (the "Merger Agreement"), by and among iPass, Inc. ("iPass") and Pareteum the Purchaser.
- [F2]On August 23, 2018, iPass, Inc. effected a 1-for-10 reverse stock split (the "Reverse Split"). Accordingly, the number of shares of common stock on a pre-Reverse Split basis were adjusted to following the Reverse Split (with fractional shares rounded down to the next whole number). Included in this post-split number is 500 shares of Employee Stock Purchase Plan, purchased as of April 30, 2018 and October 31, 2018, respectively.
- [F3]Disposed of pursuant to Merger Agreement between Issuer and Pareteum in exchange for 1.17 shares of Pareteum common stock having a market value of $2.90 per share on the Effective Date of the Merger.