IPASS INC 4
4 · IPASS INC · Filed Jun 6, 2013
Insider Transaction Report
Form 4
IPASS INCIPAS
Vickery Darin
Principal Accounting Officer
Transactions
- Award
Common Stock
2013-06-06+25,000→ 25,000 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.