SEC Form 4 · accession 0001179110-16-023069
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
Apr 13, 2016
Accepted (ET)
Apr 14, 2016 · 7:49 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 | Apr 13, 2016 | M | 45,000 | $1.34 | A | 128,770 | D | |
| Common Stock | Apr 13, 2016 | S | 45,000 | $3.00 | D | 83,770 | 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 | $1.34 | Apr 13, 2016 | M | 45,000 | D | — | Sep 28, 2016 | Common Stock | 45,000 | 55,000 | D |
Explanation of responses
- F1In a Form 4 filed on February 18, 2016, Mr. Cannon reported that he beneficially owned 79,698 shares of common stock of Glu Mobile Inc. ("Glu"). Mr. Cannon subsequently acquired 4,072 shares of Glu common stock on February 19, 2016 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.
- F2The sale was effected pursuant to a trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934 that Mr. Cannon entered into on March 7, 2016.
- F3The option vested and became exercisable with respect to 25% of the shares on September 28, 2011, with the remaining shares vesting and becoming exercisable in equal monthly installments over the following three years, such that the option was fully vested on September 28, 2014.