GLU MOBILE INC 4
4 · GLU MOBILE INC · Filed Nov 16, 2016
Insider Transaction Report
Form 4
GLU MOBILE INCGLUU
Wilson Tim
Chief Technology Officer
Transactions
- Award
Common Stock
2016-11-15+25,750→ 29,442 total - Exercise/Conversion
Restricted Stock Units
2016-11-15−25,750→ 77,250 total→ Common Stock (25,750 underlying) - Tax Payment
Common Stock
2016-11-15$2.06/sh−9,677$19,935→ 19,765 total
Footnotes (5)
- [F1]Vesting of restricted stock units ("RSUs") granted to Mr. Wilson on November 10, 2015.
- [F2]Mr. Wilson acquired 3,692 shares of Glu Mobile Inc.'s ("Glu") common stock on August 19, 2016 pursuant to Glu's 2007 Employee Stock Purchase Plan, which purchase was exempt from reporting under Rule 16b-3(c) promulgated under the Securities Exchange Act of 1934, as amended. The amount of securities directly beneficially owned by Mr. Wilson following this transaction takes into account this purchase.
- [F3]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by Mr. Wilson and cancelled by Glu in exchange for Glu's agreement to pay federal and state tax withholding obligations of Mr. Wilson resulting from the vesting of RSUs. Mr. Wilson did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F4]Each RSU represents a contingent right to receive one share of Glu common stock.
- [F5]The RSU vested as to 25% of the total number of shares of subject to the RSU on November 15, 2016 (the "RSU First Vesting Date"), with the remaining 75% of the underlying shares vesting in equal quarterly installments over the next three years following the RSU First Vesting Date on the same day of each third month (e.g., the first quarterly vesting date will be February 15, 2017, the next quarterly vesting date will be May 15, 2017, etc.); provided, however, that if any portion of the RSU vests on a date that is a non-trading day on The NASDAQ Stock Market, then the RSU will vest on the next trading day.