SEC Form 4 · accession 0001179110-15-007060
GLU MOBILE INC · GLUU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris Akhavan
Officer — President of Publishing
Period of report
Apr 30, 2015
Accepted (ET)
May 4, 2015 · 7:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001366246
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 30, 2015 | M | 87,500 | $2.74 | A | 115,977 | D | |
| Common Stock | Apr 30, 2015 | M | 12,500 | $2.43 | A | 128,477 | D | |
| Common StockF2 | Apr 30, 2015 | S | 100,000 | $6.6949 | D | 28,477 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $2.74 | Apr 30, 2015 | M | 87,500 | D | — | May 14, 2019 | Common Stock | 300,000 | 212,500 | D |
| Stock Option (right to buy)F4 | $2.43 | Apr 30, 2015 | M | 12,500 | D | — | Jun 11, 2019 | Common Stock | 50,000 | 37,500 | D |
Explanation of responses
- F1Each of the stock option exercises and the sales of the underlying option shares were effected pursuant to a trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934 that Mr. Akhavan entered into on August 4, 2014.
- F2Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $6.67 to $6.73. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price.
- F3The option vested and became exercisable with respect to 25% of the shares on April 22, 2014 and the remaining shares vest and become exercisable in equal monthly installments over the following three years.
- F4The option vested and became exercisable with respect to 25% of the shares on June 11, 2014 and the remaining shares vest and become exercisable in equal monthly installments over the following three years.