Ross John 4
4 · NOVATEL WIRELESS INC · Filed Jun 25, 2010
Insider Transaction Report
Form 4
Ross John
Director
Transactions
- Tax Payment
Common Stock
2010-06-25$5.90/sh−659$3,888→ 3,841 total - Exercise/Conversion
Common Stock
2010-06-25+1,500→ 4,500 total - Exercise/Conversion
Restricted Stock Units
2010-06-25−1,500→ 0 totalExercise: $0.00→ Common Stock (1,500 underlying)
Footnotes (4)
- [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]Converts into Common Stock on a one-for-one basis.
- [F4]These RSU's vest one-third annually begining on the first anniversary of the grant date.