4//SEC Filing
Kedia Puneet 4
Accession 0001214659-20-010554
CIK 0001366246other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 8:30 PM ET
Size
10.2 KB
Accession
0001214659-20-010554
Insider Transaction Report
Form 4
GLU MOBILE INCGLUU
Kedia Puneet
Vice President of Accounting
Transactions
- Exercise/Conversion
Common Stock
2020-12-17+10,128→ 13,350 total - Exercise/Conversion
Restricted Stock Units
2020-12-17+10,128→ 30,383 total→ Common Stock (10,128 underlying) - Tax Payment
Common Stock
2020-12-17$9.91/sh−5,333$52,850→ 8,017 total
Footnotes (5)
- [F1]Vesting of restricted stock units ("RSUs") granted to Mr. Kedia on December 17, 2019.
- [F2]Includes 3,222 shares acquired pursuant to Glu Mobile Inc.'s 2007 Employee Stock Purchase Plan on August 21, 2020, which purchase was exempt from reporting Rule 16b-3(c) promulgated under the Securities Exchange Act of 1934, as amended.
- [F3]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by Mr. Kedia and cancelled by Glu Mobile Inc. ("Glu") in exchange for Glu's agreement to pay federal and state tax withholding obligations of Mr. Kedia resulting from the vesting of RSUs. Mr. Kedia did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F4]Each RSU represents a contingent right to receive one share of Glu common stock.
- [F5]The RSU vested as to 25% of the total number of shares subject to the RSU on December 17, 2020, with 4.166% of the underlying shares vesting on February 15, 2021, an additional 6.25% of the underlying shares vesting in each of the following 11 quarters on the same day of each third month (e.g., the first such quarterly vesting date will be May 15, 2021, the next quarterly vesting date will be August 15, 2021, etc.), with the final 2.0833% of the underlying shares vesting on February 15, 2024; provided, however, that if any portion of the RSU vests on a date that is a nontrading day on The Nasdaq Stock Market, then the RSU will vest on the next trading day.
Documents
Issuer
GLU MOBILE INC
CIK 0001366246
Entity typeother
Related Parties
1- filerCIK 0001783233
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 8:30 PM ET
- Size
- 10.2 KB