Ross Chris 4
4 · NOVATEL WIRELESS INC · Filed Jul 2, 2012
Insider Transaction Report
Form 4
Ross Chris
SVP Operations
Transactions
- Exercise/Conversion
Common Stock
2012-07-01+17,270→ 70,856 total - Tax Payment
Common Stock
2012-07-01$2.49/sh−6,334$15,772→ 64,522 total - Exercise/Conversion
Restricted Stock Units
2012-07-01−17,270→ 94,262 total→ Common Stock (17,270 underlying)
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]Includes 7,218 shares acquired on May 15, 2012 under the issuers Employee Stock Purchase Plan.
- [F4]Converts into Common Stock on a one-for-one basis.
- [F5]These RSU's vest one-third annually beginning on the first anniversary of the award date.