SEC Form 4 · accession 0001179110-15-008824
GLU MOBILE INC · GLUU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Niccolo de Masi
Officer — President and CEO · Director
Period of report
Jun 1, 2015
Accepted (ET)
Jun 1, 2015 · 8:06 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 | Jun 1, 2015 | M | 305,555 | $1.77 | A | 512,349 | D | |
| Common StockF2 | Jun 1, 2015 | S | 305,555 | $6.437 | D | 206,794 | D | |
| Common Stock | Jun 1, 2015 | M | 106,944 | $2.03 | A | 313,738 | D | |
| Common StockF2 | Jun 1, 2015 | S | 106,944 | $6.437 | D | 206,794 | D | |
| Common StockF2 | Jun 1, 2015 | S | 44,909 | $6.437 | D | 161,885 | 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 | $1.77 | Jun 1, 2015 | M | 305,555 | A | — | Oct 21, 2016 | Common Stock | 305,555 | 27,778 | D |
| Stock Option (right to buy)F3 | $2.03 | Jun 1, 2015 | M | 106,944 | A | — | Jan 3, 2017 | Common Stock | 106,944 | 9,723 | D |
Explanation of responses
- F1Each of (a) the stock option exercises and the sales of the underlying option shares and (b) the sale of shares held by Mr. de Masi were effected pursuant to a trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934 that Mr. de Masi entered into on November 24, 2014.
- F2Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $6.38 to $6.50. 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 sold at each separate price.
- F3The option vested and became exercisable with respect to 25% of the shares on October 21, 2011 and the remaining shares vested and became exercisable in equal monthly installments over the following three years, such that the option fully vested on October 21, 2014.