NOVATEL WIRELESS INC 4
4 · NOVATEL WIRELESS INC · Filed May 1, 2015
Insider Transaction Report
Form 4
Mashinsky Alex
DirectorInterim CEO
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-04-29−18,405→ 36,810 totalExercise: $0.00→ Common Stock (18,405 underlying) - Exercise/Conversion
Common Stock
2015-04-29+18,405→ 777,682 total - Tax Payment
Common Stock
2015-04-29$6.27/sh−6,895$43,232→ 770,787 total
Footnotes (4)
- [F1]Reflects vesting of Restricted Stock Units 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]Each Restricted Stock Unit represents the contingent right to receive one share of common stock upon vesting of the unit.
- [F4]These Restricted Stock Units vest one-third annually beginning on the first anniversary of the award date.