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4//SEC Filing

GOLD STANLEY P 4

Accession 0001181431-09-058279

CIK 0001053374other
View on SEC.govCompany Profile

Filed

Dec 21, 7:00 PM ET

Accepted

Dec 22, 5:05 PM ET

Size

29.3 KB

Accession

0001181431-09-058279

Insider Transaction Report

Form 4
Period: 2009-12-18
IPASS INCIPAS
GOLD STANLEY P
Director
Transactions
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2009-12-18−15,000→ 0 total
    Exercise: $1.37From: 2010-06-24Exp: 2019-06-24→ Common Stock (15,000 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2009-12-18−959→ 0 total
    Exercise: $1.37From: 2010-06-24Exp: 2019-06-24→ Common Stock (959 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2009-12-18−348→ 0 total
    Exercise: $1.37Exp: 2018-05-29→ Common Stock (348 underlying)
  • Award

    Stock Option (Right to Buy)

    2009-12-18+8→ 8 total
    Exercise: $0.95Exp: 2018-05-29→ Common Stock (8 underlying)
  • Award

    Stock Option (Right to Buy)

    2009-12-18+30,000→ 30,000 total
    Exercise: $1.73Exp: 2018-05-29→ Common Stock (30,000 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2009-12-18−30,000→ 0 total
    Exercise: $1.92Exp: 2018-05-29→ Common Stock (30,000 underlying)
  • Award

    Stock Option (Right to Buy)

    2009-12-18+348→ 348 total
    Exercise: $1.24Exp: 2018-05-29→ Common Stock (348 underlying)
  • Award

    Stock Option (Right to Buy)

    2009-12-18+384→ 384 total
    Exercise: $0.95From: 2010-06-24Exp: 2019-06-24→ Common Stock (384 underlying)
  • Award

    Stock Option (Right to Buy)

    2009-12-18+15,000→ 15,000 total
    Exercise: $1.24From: 2010-06-24Exp: 2019-06-24→ Common Stock (15,000 underlying)
  • Award

    Stock Option (Right to Buy)

    2009-12-18+959→ 959 total
    Exercise: $1.24From: 2010-06-24Exp: 2019-06-24→ Common Stock (959 underlying)
  • Award

    Stock Option (Right to Buy)

    2009-12-18+24→ 24 total
    Exercise: $0.95From: 2010-06-24Exp: 2019-06-24→ Common Stock (24 underlying)
Footnotes (5)
  • [F1]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the deemed grant of a "new" replacement option. The amendment of the option was made in connection with a $0.16/share special dividend payable to stockholders of record as of December 4, 2009. The option was originally granted on May 29, 2008. One-third of the shares vested and became exercisable as of May 29, 2009 and the remainder vest and become exercisable in 24 equal monthly installments over the succeeding 24 months.
  • [F2]The grant was made in connection with a $0.16/share special dividend payable to stockholders of record as of December 4, 2009. The option was originally granted on May 29, 2008. One-third of the shares vested and became exercisable as of May 29, 2009 and the remainder vest and become exercisable in 24 equal monthly installments over the succeeding 24 months.
  • [F3]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the deemed grant of a "new" replacement option. The amendment of the option was made in connection with a $0.16/share special dividend payable to stockholders of record as of December 4, 2009. The option was originally granted on June 24, 2009 and will vest and become exercisable on the first anniversary of the date of grant or, if earlier, on the date of the next annual meeting following the grant date.
  • [F4]The grant was made in connection with a $0.16/share special dividend payable to stockholders of record as of December 4, 2009. The option was granted with the same vesting schedule as the original option grant, and therefore will vest and become exercisable on the first anniversary of the date of grant or, if earlier, on the date of the next annual meeting following the grant date.
  • [F5]Mr. Gold is a Managing Member of Shamrock Partners Activist Value Fund, L.L.C. ("Shamrock Partners"), which is the managing member of Shamrock Activist Value Fund GP, L.L.C. (the "General Partner"), which is the general partner of Shamrock Activist Value Fund, L.P. ("SAVF", and collectively, with Shamrock Partners and the General Partner, the "Fund"), and as such and by virtue of his positions or relationships with the Fund, Mr. Gold may be deemed to beneficially own the securities of the issuer held by the Fund. Mr. Gold disclaims beneficial ownership of any securities held by the Fund except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is a beneficial owner of any such securities held by the Fund for purposes of Section 16 or for any other purpose.

Documents

1 file

Issuer

IPASS INC

CIK 0001053374

→
Entity typeother

Related Parties

1
  • filerCIK 0001234218

Filing Metadata

Form type
4
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 5:05 PM ET
Size
29.3 KB
View on SEC.gov