SEC Form 4 · accession 0001022652-17-000042
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 | $1.30 | A | 209,616 | D |
Table II — derivative securities
Explanation of responses
- F1The Restricted Stock Units vest in full on May 12, 2018
- F2The Restricted Stock Units convert into common stock on one-for-one basis.
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.