Ludwig Eric R 4

Accession 0001214659-21-002040

CIK 0001366246other

View on SEC.gov Company Profile

Filed

Feb 16, 7:00 PM ET

Accepted

Feb 17, 8:30 PM ET

Size

18.3 KB

Accession

0001214659-21-002040

Insider Transaction Report

Form 4

Period: 2021-02-15

GLU MOBILE INCGLUU

Ludwig Eric R

SVP and CFO

Transactions

Exercise/Conversion
Common Stock
2021-02-16+8,626→ 199,304 total
Tax Payment
Common Stock
2021-02-16$12.63/sh−5,066$63,984→ 194,238 total
Gift
Common Stock
2021-02-17−137,238→ 57,000 total
Gift
Common Stock
2021-02-17+137,238→ 328,251 total(indirect: By Trust)
Award
Stock Options
2021-02-15$6.42/sh+143,666$922,336→ 143,666 total
Exercise: $6.42Exp: 2028-10-25→ Common Stock (143,666 underlying)
Award
Stock Options
2021-02-15$3.59/sh+210,110$754,295→ 420,219 total
Exercise: $3.59Exp: 2027-10-10→ Common Stock (210,110 underlying)
Exercise/Conversion
Restricted Stock Units
2021-02-16−8,626→ 146,665 total
→ Common Stock (8,626 underlying)

Footnotes (8)

[F1]Vesting of restricted stock units ("RSUs") granted to Mr. Ludwig on December 17, 2019.
[F2]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. Ludwig and cancelled by Glu Mobile Inc. ("Glu") in exchange for Glu's agreement to pay federal and state tax withholding obligations of Mr. Ludwig resulting from the vesting of RSUs. Mr. Ludwig 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.
[F3]Represents a transfer of shares to the Ludwig McKillop Trust, of which the reporting person and his wife, Mary Elizabeth McKillop, are the co-trustees.
[F4]These shares are held by the Ludwig McKillop Trust, of which the reporting person and his wife, Mary Elizabeth McKillop, are the co-trustees.
[F5]Each RSU represents a contingent right to receive one share of Glu common stock.
[F6]Represents performance stock options granted to the Reporting Person on October 25, 2018, that vested and became exercisable on February 15, 2021 as a result of the Reporting Person having met the applicable performance criteria.
[F7]Represents performance stock options granted to the Reporting Person on October 10, 2017, that vested and became exercisable on February 15, 2021 as a result of the Reporting Person having met the applicable performance criteria.
[F8]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 16, 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

1 file

4
marketforms-51458.xmlPrimary
PRIMARY DOCUMENT

Issuer

GLU MOBILE INC

CIK 0001366246

→

Entity typeother

Related Parties

filerCIK 0001392677

Filing Metadata

Form type: 4
Filed: Feb 16, 7:00 PM ET
Accepted: Feb 17, 8:30 PM ET
Size: 18.3 KB

View on SEC.gov