SEC Form 4 · accession 0001179110-16-019604

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

Feb 16, 2016

Accepted (ET)

Feb 18, 2016 · 5:42 pm EST

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
Common Stock^F1	Feb 16, 2016	A	1,563	$0.00	A	56,413	D
Common Stock	Feb 16, 2016	F	685	$3.38	D	55,728	D
Common Stock^F3	Feb 16, 2016	A	7,241	$0.00	A	62,969	D
Common Stock	Feb 16, 2016	F	3,171	$3.38	D	59,798	D
Common Stock^F4	Feb 16, 2016	A	7,187	$0.00	A	66,985	D
Common Stock	Feb 16, 2016	F	3,147	$3.38	D	63,838	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 Units^F5,F6	—	Feb 16, 2016	M	1,563	D	—	—	Common Stock	1,563	9,375	D
Restricted Stock Units^F5,F7	—	Feb 16, 2016	M	7,241	D	—	—	Common Stock	7,241	50,687	D
Restricted Stock Units^F5,F8	—	Feb 16, 2016	M	7,187	D	—	—	Common Stock	7,187	79,063	D

Explanation of responses

F1Vesting of restricted stock units ("RSUs) granted to Mr. Akhavan on June 11, 2013.
F2Exempt 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 Form 4 were relinquished by Mr. Akhavan and cancelled by Glu in exchange for Glu's agreement to pay federal and state tax withholding obligations of Mr. Akhavan resulting from the vesting of RSUs. Mr. Akhavan did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
F3Vesting of RSUs granted to Mr. Akhavan on October 8, 2013.
F4Vesting of RSUs granted to Mr. Akhavan on October 14, 2014
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 subject to the RSU on August 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 November 15, 2014, the next quarterly vesting date was scheduled for February 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.
F7The restricted stock unit vested as to 25% of the total number of shares 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 February 15, 2015, the next quarterly vesting date was 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.
F8The restricted stock unit vested as to 25% of the total number of shares subject to the RSU on November 16, 2015 (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 February 16, 2016, the next quarterly vesting date is May 15, 2016, 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.