Leddon Kenneth 4
4 · NOVATEL WIRELESS INC · Filed Jul 2, 2012
Insider Transaction Report
Form 4
Leddon Kenneth
SVP Finance and CFO
Transactions
- Exercise/Conversion
Restricted Stock Units
2012-07-01−20,122→ 110,475 total→ Common Stock (20,122 underlying) - Tax Payment
Common Stock
2012-07-01$2.49/sh−7,380$18,376→ 77,004 total - Exercise/Conversion
Common Stock
2012-07-01+20,122→ 84,384 total
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 beginning on the first anniversary of the award date.