NOVATEL WIRELESS INC 4
4 · NOVATEL WIRELESS INC · Filed Jul 2, 2014
Insider Transaction Report
Form 4
RATCLIFFE CATHERINE F
SVP Business Affairs
Transactions
- Exercise/Conversion
Common Stock
2014-07-01+20,530→ 144,904 total - Tax Payment
Common Stock
2014-07-01$1.95/sh−7,715$15,044→ 137,189 total - Exercise/Conversion
Restricted Stock Units
2014-07-01−20,530→ 213,524 total→ Common Stock (20,530 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 beginning on the first anniversary of the award date.