SEC Form 4 · accession 0001006837-17-000008
INSEEGO CORP. · INSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 31, 2016 | J | 8,338,270 | $0.00 | A | 11,473,799 | D |
Table II — derivative securities
Explanation of responses
- F1On December 31, 2016, in connection with an internal restructuring, United Teacher Associates Insurance Company ("UTAIC"), an affiliate of Continental General Insurance Company ("CGIC"), merged into CGIC, resulting in the 8,338,270 shares previously held by UTAIC being held by CGIC.
Remarks
On November 8, 2016, Inseego Corp. ("Inseego") completed an internal reorganization (the "Reorganization") pursuant to which the former issuer, Novatel Wireless, Inc. ("Novatel Wireless"), became a direct, wholly-owned subsidiary of Inseego. Each share of Novatel Wireless Common Stock issued and outstanding immediately prior to the Reorganization automatically converted into an equivalent corresponding share of Inseego Common Stock having the same designations, rights, powers and preferences and the qualifications, limitations and restrictions as the corresponding share of Novatel Wireless Common Stock being converted. Accordingly, upon consummation of the Reorganization, Novatel Wireless's stockholders immediately prior to the consummation of the Reorganization became stockholders of Inseego.