Schwerin Samuel L 4

4 · IPASS INC · Filed Jun 7, 2012

Form 4

Period: 2012-06-05

Director10% Owner

Transactions

Award
Common Stock
2012-06-05+5,000→ 40,000 total
Award
Common Stock
2012-06-05+5,000→ 35,000 total
Award
Stock Option (Right to Buy)
2012-06-05+15,000→ 120,480 total
Exercise: $2.48From: 2012-06-05Exp: 2022-06-05→ Common Stock (15,000 underlying)
Award
Stock Option (Right to Buy)
2012-06-05+15,000→ 105,480 total
Exercise: $2.48From: 2012-06-05Exp: 2022-06-05→ Common Stock (15,000 underlying)

Holdings

Common Stock
(indirect: by Millennium Technology Value Partners (RCM), L.P.)
3,496,640
Common Stock
(indirect: by Millennium Technology Value Partners, L.P.)
3,428,815

Footnotes (4)

[F1]The shares will vest on the first anniversary of the date of grant or, if earlier, on the date of the next annual meeting following the grant date.
[F2]The shares of Common Stock are beneficially owned by Millennium Technology Value Partners, L.P. The reporting person is the Managing Member of Millennium TVP (GP), LLC, the General Partner of Millennium Technology Value Partners Management, L.P., which is the General Partner of Millennium Technology Value Partners, L.P. The reporting person disclaims benefical ownership of the securities beneficially owned by Millennium Technology Value Partners, L.P. except to the extent of his pecuniary interest therein.
[F3]The shares of Common Stock are beneficially owned by Millennium Technology Value Partners (RCM), L.P. The reporting person is the Managing Member of Millennium TVP (GP), LLC, the General Partner of Millennium Technology Value Partners Management, L.P., which is the General Partner of Millennium Technology Value Partners (RCM), L.P. The reporting person disclaims benefical ownership of the securities beneficially owned by Millennium Technology Value Partners (RCM), L.P. except to the extent of his pecuniary interest therein.
[F4]Intentionally left blank pursuant to SEC rules.

Documents

1 file