SEC Form 4 · accession 0001379828-15-000025
INSEEGO CORP. · INSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alex Mashinsky
Officer — Chief Executive Officer · Director
Period of report
Apr 29, 2015
Accepted (ET)
May 1, 2015 · 4:18 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 Stock | Apr 29, 2015 | M | 18,405 | $0.00 | A | 777,682 | D | |
| Common Stock | Apr 29, 2015 | F | 6,895 | $6.27 | D | 770,787 | 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 UnitsF3,F4 | $0.00 | Apr 29, 2015 | M | 18,405 | D | — | — | Common Stock | 18,405 | 36,810 | D |
Explanation of responses
- F1Reflects vesting of Restricted Stock Units previously awarded to the Reporting Person.
- F2Automatic 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.
- F3Each Restricted Stock Unit represents the contingent right to receive one share of common stock upon vesting of the unit.
- F4These Restricted Stock Units vest one-third annually beginning on the first anniversary of the award date.