IPASS INC 4
4 · IPASS INC · Filed Nov 27, 2013
Insider Transaction Report
Form 4
IPASS INCIPAS
BOWER JUNE
Chief Marketing Officer
Transactions
- Award
Common Stock
2013-11-25+80,000→ 80,000 total - Award
Stock Option (right to buy)
2013-11-25$1.71/sh+360,000$615,600→ 360,000 totalExercise: $1.71From: 2013-11-25Exp: 2023-11-24→ Common Stock (360,000 underlying)
Footnotes (2)
- [F1]Restricted stock awards (RSA) fully vest December 31, 2017. Awards are subject to accelerated vesting as follows: 25% of shares shall vest on date 2 business days after the Company has released to the public that it has achieved $88 million ($22M in qtrly OM revenue) or more of open mobile annual run rate revenue in a calendar qtr 25% of shares shall vest on date 2 business days after the Company has released to the public that it has achieved $100 million ($25M in qtrly OM revenue) or more of open mobile annual run rate revenue in a calendar qtr 25% of shares shall vest on date 2 business days after the Company has released to the public that it has achieved $112 million ($28M in qtrly OM revenue) or more of open mobile annual run rate revenue in a calendar qtr 25% of shares shall vest on date 2 business days after the Company has released to the public that it has achieved $124 million ($31M in qtrly OM revenue) or more of open mobile annual run rate revenue in a calenda
- [F2]25% of the shares will vest on the first anniversary of the date of the grant with the remaining shares vesting in 36 equal monthly installments thereafter.