SEC Form 4 · accession 0001567619-15-000363
INSEEGO CORP. · INSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Mar 26, 2015
Accepted (ET)
Mar 30, 2015 · 4:57 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 StockF1 | Mar 26, 2015 | X | 3,824,600 | $2.26 | A | 11,437,799 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to Purchase Common Stock (right to buy)F1 | $2.26 | Mar 26, 2015 | X | 3,824,600 | D | Mar 8, 2015 | Sep 8, 2019 | Common Stock | 3,824,600 | 0 | D |
| Warrants to Purchase Common Stock (right to buy)F2,F1 | $5.50 | Mar 26, 2015 | J | 1,593,583 | A | Sep 26, 2015 | Mar 26, 2020 | Common Stock | 1,593,583 | 1,593,583 | D |
Explanation of responses
- F1The securities of Novatel Wireless Inc. (the "Issuer") reported herein are held directly by HC2 Holdings 2, Inc. ("HC2 Holdings"). HC2 Holdings is a wholly owned subdiary of HC2 Holdings, Inc. ("HC2"). HC2 disclaims any beneficial ownership of the shares held directly by HC2 Holdings except to the extent it has actual voting or investment control of such shares.
- F2As an inducement for HC2 Holdings to exercise the warrants issued on September 8, 2014, the Issuer issued HC2 Holdings an additional warant to purchase 1,593,583 shares of the Issuer's common stock, at a strike price of $5.50 (the "New Warrants"). HC2 Holdings paid no seperate consideration to the Issuer for the New Warrants.