Byron Marc V 4
4 · HUGHES Telematics, Inc. · Filed Apr 2, 2009
Insider Transaction Report
Form 4
Byron Marc V
Director
Transactions
- Award
Common Stock
2009-03-31+72,224→ 693,517 total(indirect: By LLC) - Award
Common Stock
2009-03-31+333,026→ 1,233,026 total(indirect: By LLC)Exp: 2014-03-31→ Common Stock (333,026 underlying) - Disposition to Issuer
Common Stock
2009-03-31−333,026→ 621,293 total(indirect: By LLC) - Award
Common Stock
2009-03-31+241,893→ 1,474,919 total(indirect: By LLC)Exp: 2014-03-31→ Common Stock (241,893 underlying) - Disposition to Issuer
Common Stock
2009-03-31−44,759→ 954,319 total(indirect: By LLC) - Purchase
Common Stock
2009-03-31$10.00/sh+32,826$328,260→ 726,343 total(indirect: By LLC)
Footnotes (6)
- [F1]Shares delivered to the Issuer and cancelled in connection with the merger between HUGHES Telematics, Inc. and Polaris Acquisition Corp. (the "Merger").
- [F2]Marc V. Byron controls Byron Business Ventures XX, LLC.
- [F3]Shares deposited into escrow to be released to the Reporting Person if the trading price of the Issuer's common stock equals or exceeds $20.00 for any 20 trading days within a 30 trading-day period between the first and fifth anniversaries of the closing of the Merger.
- [F4]Merger consideration.
- [F5]Marc V. Byron has a pecuniary interest in shares held by Trivergance, LLC.
- [F6]Shares issued into escrow as Merger consideration to be released to the Reporting Person in three tranches, as follows: (i) the first tranche of 40% of such shares will be released if the trading price of the Issuer's common stock equals or exceeds $20.00 for any 20 trading days within a 30 trading-day period between the first and fifth anniversaries of the closing of the Merger; (ii) the second tranche of 30% of such shares will be released if the trading price of the Issuer's common stock equals or exceeds $24.50 for any 20 trading days within a 30 trading-day period between the second and fifth anniversaries of the closing of the Merger; and (iii) the third tranche of 30% of such shares will be released if the trading price of the Issuer's common stock equals or exceeds $30.50 for any 20 trading days within a 30 trading-day period between the third and fifth anniversaries of the closing of the Merger.