SEC Form 4 · accession 0001006837-17-000107
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 StockF1,F2 | May 12, 2017 | A | 28,333 | $0.00 | A | 119,356 | D |
Table II — derivative securities
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of INSG common stock upon the vesting of the unit.
- F2The restricted units will vest on May 12, 2018.
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.