4//SEC Filing
Griffiths Gary A 4
Accession 0001053374-19-000007
CIK 0001053374other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 5:58 PM ET
Size
7.0 KB
Accession
0001053374-19-000007
Insider Transaction Report
Form 4
IPASS INCipas
Griffiths Gary A
Director
Transactions
- Disposition from Tender
Common Stock
2019-02-12−87,750→ 0 total - Sale
Common Stock
2019-02-12$3.14/sh−20,250$63,585→ 87,750 total
Footnotes (3)
- [F1]This constitutes the sale of shares of common stock for statutory tax 50,000 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.
Documents
Issuer
IPASS INC
CIK 0001053374
Entity typeother
Related Parties
1- filerCIK 0001324458
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 5:58 PM ET
- Size
- 7.0 KB