Ross Chris 4

4 · NOVATEL WIRELESS INC · Filed Mar 15, 2010

Form 4

Period: 2010-03-11

SVP Operations

Transactions

Exercise/Conversion
Common Stock
2010-03-13+6,597→ 26,309 total
Award
Non-Qualified Stock Option (right to buy)
2010-03-11+35,612→ 35,612 total
Exercise: $6.95Exp: 2020-03-11→ Common Stock (35,612 underlying)
Award
Restricted Stock Units
2010-03-11+23,722→ 43,514 total
→ Common Stock (23,722 underlying)
Exercise/Conversion
Restricted Stock Units
2010-03-13−6,597→ 36,917 total
→ Common Stock (6,597 underlying)
Tax Payment
Common Stock
2010-03-13$6.81/sh−2,552$17,379→ 23,757 total

Footnotes (5)

[F1]Reflects partial vesting of Restricted Stock Units (RSU's) previously awarded to the Reporting Person.
[F2]Automatic disposition of shares back to Issuer (and subsequent cancellation thereof) solely to satisfy immediate payroll tax withholding obligation triggered by the vesting of restricted stock. The Reporting Person received no proceeds from this transaction.
[F3]This option shall vest over three (3) years, one-third of which shall vest on the one-year anniversary of the grant date, followed by 24 months of ratable monthly vesting.
[F4]Converts into Common Stock on a one-for-one basis.
[F5]These RSU's vest one-third annually begining on the first anniversary of the grant date.

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