SEC Form 4 · accession 0001379828-15-000009
INSEEGO CORP. · INSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Slim S Souissi
Officer — President & COO
Period of report
Mar 8, 2015
Accepted (ET)
Mar 9, 2015 · 9:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001022652
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 8, 2015 | M | 24,440 | $0.00 | A | 358,032 | D | |
| Common Stock | Mar 8, 2015 | F | 9,778 | $4.93 | D | 348,254 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Mar 8, 2015 | M | 24,440 | D | — | — | Common Stock | 24,440 | 233,898 | D |
Explanation of responses
- F1Reflects partial vesting of Restricted Stock Units (RSU's) previously awarded to the Reporting Person.
- F2Includes 5,000 shares acquired on November 14, 2014 under the Issuers Employee Stock Purchase Plan.
- F3Automatic 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.
- F4Converts into Common Stock on a one-for-one basis.
- F5These Restricted Stock Units vest one-third annually beginning on the first anniversary of the award date.