SEC Form 4 · accession 0001179110-15-014011
GLU MOBILE INC · GLUU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric R Ludwig
Officer — EVP, COO and CFO
Period of report
Aug 26, 2015
Accepted (ET)
Oct 14, 2015 · 4:37 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 | Aug 26, 2015 | G | 7,770 | $0.00 | D | 57,000 | D | |
| Common StockF2 | Aug 26, 2015 | G | 7,770 | $0.00 | A | 58,644 | I | Trust |
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 | $4.09 | Oct 13, 2015 | A | 265,000 | A | — | Oct 13, 2025 | Common Stock | 265,000 | 265,000 | D |
| Restricted Stock UnitsF4,F5 | — | Oct 13, 2015 | A | 335,000 | A | — | — | Common Stock | 335,000 | 335,000 | D |
Explanation of responses
- F1Represents a transfer of shares to the Ludwig McKillop Trust, of which the reporting person and his wife, Mary Elizabeth McKillop, are the co-trustees.
- F2These shares are held by the Ludwig McKillop Trust.
- F3The option vests and becomes exercisable over four years with 25% of the shares vesting on the first anniversary of the grant date and the remaining shares vesting and becoming exercisable in equal monthly installments thereafter for a period of three years.
- F4Each restricted stock unit represents a contingent right to receive one share of Glu Mobile Inc. common stock.
- F5The restricted stock unit will vest as to 25% of the total number of shares subject to the RSU on November 15, 2016 (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 will be February 15, 2017, the next quarterly vesting date will be May 15, 2017, 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.