GARVEY WILLIAM P 4
4 · IPASS INC · Filed Mar 20, 2013
Insider Transaction Report
Form 4
IPASS INCIPAS
GARVEY WILLIAM P
VP, Gen. Counsel and Secretary
Transactions
- Award
Common Stock
2013-03-18+120,000→ 197,407 total
Footnotes (1)
- [F1]Awards fully vest on December 31, 2017. Awards are subject to accelerated vesting as follows: 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $76 million or more of Open Mobile ("OM") annual run rate revenue in a calendar quarter, 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $88 million or more of OM annual run rate revenue in a calendar quarter, 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $100 million or more of OM annual run rate revenue in a calendar quarter, and 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $112 million or more of OM annual run rate revenue in a calendar quarter.