GARVEY WILLIAM P 4
4 · IPASS INC · Filed Feb 23, 2011
Insider Transaction Report
Form 4
IPASS INCIPAS
GARVEY WILLIAM P
VP, Gen. Counsel and Secretary
Transactions
- Award
Common Stock
2011-02-21+20,000→ 25,000 total
Footnotes (1)
- [F1]Award fully vests on February 21, 2015. Award is subject to accelerated vesting as follows: 20% of the shares shall vest two days after the Company has released to the public that the Company has had 150,000 or more average monthly Open Mobile ("OM") users in a calendar quarter, 20% of the shares shall vest two days after the Company has announced 300,000 or more average monthly OM users in a calendar quarter, 20% of the shares shall vest two days after the Company has announced 450,000 or more average monthly OM users in a calendar quarter, 20% of the shares shall vest two days after the Company has announced 600,000 or more average monthly OM users in a calendar quarter and 20% of the shares shall vest two days after the Company has announced 750,000 or more average monthly OM users in a calendar quarter.