SMALL MICHAEL 4
4 · Gogo Inc. · Filed Feb 20, 2018
Insider Transaction Report
Form 4
Gogo Inc.GOGO
SMALL MICHAEL
DirectorPresident & CEO
Transactions
- Award
Performance Options (Right to Buy)
2018-02-17+173,500→ 173,500 totalExercise: $10.23Exp: 2028-02-17→ Common Stock (173,500 underlying) - Award
Performance Restricted Stock Units
2018-02-17+26,500→ 26,500 total→ Common Stock (26,500 underlying)
Footnotes (3)
- [F1]Each performance restricted stock unit represents the contingent right to receive one share of the Company's common stock or its equivalent value in cash.
- [F2]The performance restricted stock units vest and are settled when they have both time vested and performance vested as follows: (i) the performance restricted stock units time vest in equal annual installments on the first four anniversaries of February 17, 2018 and (ii) the performance restricted stock units performance vest at such time, if any, as the per share closing price of Gogo common stock on the NASDAQ market during the period beginning on the grant date and ending on the fourth anniversary of February 17, 2018 equals or exceeds $25 for a period of 30 consecutive trading days. Any performance restricted stock unit that has not performance vested by February 17, 2022 shall be forfeited.
- [F3]The performance options vest and become exercisable when they have both time vested and performance vested as follows: (i) the performance options time vest in equal annual installments on the first four anniversaries of February 17, 2018 and (ii) the performance options performance vest at such time, if any, as the per share closing price of Gogo common stock on the NASDAQ market during the period beginning on the grant date and ending on the fourth anniversary of February 17, 2018 equals or exceeds $25 for a period of 30 consecutive trading days. Any performance option that has not performance vested by February 17, 2022 shall be forfeited.