COBIN JONATHAN B 4
4 · Gogo Inc. · Filed Dec 2, 2020
Insider Transaction Report
Form 4
Gogo Inc.GOGO
COBIN JONATHAN B
SVP Strategy and Op Mgmt
Transactions
- Exercise/Conversion
Common Stock
2020-11-30+55,250→ 112,122 total - Tax Payment
Common Stock
2020-11-30$10.54/sh−16,699$176,007→ 95,423 total - Exercise/Conversion
Restricted Stock Units
2020-11-30−55,250→ 32,000 total→ Common Stock (55,250 underlying)
Footnotes (2)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On December 1, 2020, the Company sold its commercial aviation division to a subsidiary of Intelsat S.A. ("Buyer"). Upon the closing of the sale, Mr. Cobin ceased to be employed by the Company and became an employee of Buyer. These restricted stock units will vest upon the earlier of (i) December 1, 2021 and (ii) the date of Mr. Cobin's termination of employment by Buyer as a result of death, Disability, or termination without Cause or his resignation for Good Reason; provided, however, that such vesting shall not apply if Mr. Cobin is terminated for Cause or resigns without Good Reason (including, for the avoidance of doubt, his Retirement) prior to December 1, 2021 which, in each case, shall result in the forfeiture of such restricted stock units as of such time.