SEC Form 4 · accession 0001022652-17-000059
INSEEGO CORP. · INSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dan Mondor
Officer — President and CEO
Period of report
Jun 6, 2017
Accepted (ET)
Jun 13, 2017 · 6:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001022652
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $0.94 | Jun 6, 2017 | A | 750,000 | A | Jun 6, 2018 | Jun 6, 2027 | Common Stock | 750,000 | 750,000 | D |
Explanation of responses
- F1These stock options will vest 100% on June 6, 2018, the first anniversary of the date of grant, provided Mr. Mondor remains employed by the Company through such date. In the event of a change in control of the Company (as defined in his Change in Control and Severance Agreement, or "CIC Agreement") prior to June 6, 2018, 100% of the options will vest, provided Mr. Mondor remains employed with the Company through the date of such change in control. In the event Mr. Mondor's employment with the Company is involuntarily terminated without "cause" (as defined in his CIC Agreement) prior to June 6, 2018 and other than in connection with a change in control of the Company, then a pro rata portion of the options will vest, based on the number of full months between his start date and his termination date, divided by 12.