SEC Form 4 · accession 0001179110-15-008142
GLU MOBILE INC · GLUU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory J. Cannon
Officer — Vice President, Finance and IR
Period of report
May 15, 2015
Accepted (ET)
May 19, 2015 · 8:00 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 StockF1,F2 | May 15, 2015 | A | 1,250 | $0.00 | A | 54,432 | D | |
| Common Stock | May 15, 2015 | F | 470 | $6.70 | A | 53,962 | D | |
| Common StockF4 | May 15, 2015 | A | 3,709 | $0.00 | A | 57,671 | D | |
| Common Stock | May 15, 2015 | F | 1,394 | $6.70 | D | 56,277 | 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 UnitsF5,F6 | — | May 15, 2015 | M | 1,250 | A | — | — | Common Stock | 1,250 | 10,000 | D |
| Restricted Stock UnitsF5,F7 | — | May 15, 2015 | M | 3,708 | A | — | — | Common Stock | 3,709 | 37,088 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to Mr. Cannon on May 14, 2013
- F2In a Form 4 filed on February 18, 2015, Mr. Cannon reported that he beneficially owned 48,161 shares of common stock of Glu Mobile Inc. ("Glu"). Mr. Cannon subsequently acquired 5,021 shares of Glu on February 20, 2015, pursuant to Glu's 2007 Employee Stock Purchase Plan, which purchase was exempt from reporting under Rule 16b-3(c) promulgated under the Securities Exchange Act of 1934, as amended. The amount of securities beneficially owned by Mr. Cannon following this transaction takes into account this purchase.
- F3Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this row of Mr. Cannon's Form 4 were relinquished by Mr. Cannon and cancelled by Glu in exchange for Glu's agreement to pay federal and state tax withholding obligations of Mr. Cannon resulting from the vesting of RSUs. Mr. Cannon did not sell or otherwise dispose of any of the shares reported on this row of his Form 4 for any reason other than to cover required taxes.
- F4Vesting of RSUs granted to Mr. Cannon on October 8, 2013.
- F5Each restricted stock unit represents a contingent right to receive one share of Glu Mobile Inc. common stock.
- F6The restricted stock unit vested as to 25% of the total number of shares of subject to the RSU on May 15, 2014 (the "RSU First Vesting Date"), with the remaining 75% of the underlying shares vesting in equal quarterly installments over the next three years following the RSU First Vesting Date on the same day of each third month (e.g., the first quarterly vesting date was August 15, 2014, the next quarterly vesting date was November 15, 2014, etc.); provided, however, that if any portion of the RSU vests on a date that is a non-trading day on The NASDAQ Stock Market, then the RSU will vest on the next trading day.
- F7The restricted stock unit vested as to 25% of the total number of shares of subject to the RSU on November 17, 2014 (the "RSU First Vesting Date"), with the remaining 75% of the underlying shares vesting in equal quarterly installments over the next three years following the RSU First Vesting Date on the same day of each third month (e.g., the first quarterly vesting date was scheduled to be February 15, 2015, the next quarterly vesting date will be May 15, 2015, etc.); provided, however, that if any portion of the RSU vests on a date that is a non-trading day on The NASDAQ Stock Market, then the RSU will vest on the next trading day.