NOVATEL WIRELESS INC 4
4 · NOVATEL WIRELESS INC · Filed Mar 11, 2014
Insider Transaction Report
Form 4
LEPARULO PETER V
DirectorChairman and CEO
Transactions
- Tax Payment
Common Stock
2014-03-08$2.12/sh−19,310$40,937→ 458,509 total - Exercise/Conversion
Restricted Stock Units
2014-03-08−50,183→ 100,366 total→ Common Stock (50,183 underlying) - Exercise/Conversion
Common Stock
2014-03-08+50,183→ 477,819 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.