IYER KAL 4
4 · GLU MOBILE INC · Filed May 16, 2013
Insider Transaction Report
Form 4
GLU MOBILE INCGLUU
IYER KAL
Sr. VP, Research & Development
Transactions
- Award
Restricted Stock Units
2013-05-14+45,000→ 45,000 total→ Common Stock (45,000 underlying) - Award
Stock Option (right to buy)
2013-05-14+45,000→ 45,000 totalExercise: $2.74Exp: 2019-05-14→ Common Stock (45,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Glu Mobile Inc. common stock.
- [F2]The RSU vests as to 25% of the total number of shares on May 15, 2014 (the "RSU First Vesting Date"), with the remaining 75% of the shares vesting in equal quarterly installments over the next three years following the RSU First Vesting Date on the same day of each third month (e.g., the first quarterly vesting date will be August 15, 2014, the next quarterly vesting date will be November 15, 2014, etc.); provided, however, that if any portion of the RSU vests on a date that is a non-trading day on The NASDAQ Global Market, then the RSU will vest on the next trading day.
- [F3]The option vests and becomes exercisable over four years with 25% of the shares vesting and becoming exercisable on the first anniversary of the grant date (which is the Transaction Date) and the remaining shares vesting and becoming exercisable in equal monthly installments thereafter for a period of three years.