SEC Form 4 · accession 0001179110-16-028802
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
Aug 15, 2016
Accepted (ET)
Aug 17, 2016 · 6:49 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 | Aug 15, 2016 | A | 1,250 | $0.00 | A | 85,020 | D | |
| Common Stock | Aug 15, 2016 | F | 470 | $2.26 | D | 84,550 | D | |
| Common StockF3 | Aug 15, 2016 | A | 3,709 | $0.00 | A | 88,259 | D | |
| Common Stock | Aug 15, 2016 | F | 1,394 | $2.26 | D | 86,865 | D | |
| Common StockF4 | Aug 15, 2016 | A | 4,687 | $0.00 | A | 91,552 | D | |
| Common Stock | Aug 15, 2016 | F | 1,762 | $2.26 | D | 89,790 | D | |
| Common Stock | Aug 16, 2016 | S | 6,020 | $2.24 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F7 | — | Aug 15, 2016 | M | 1,250 | D | — | — | Common Stock | 1,250 | 3,750 | D |
| Restricted Stock UnitsF6,F8 | — | Aug 15, 2016 | M | 3,709 | D | — | — | Common Stock | 3,709 | 18,544 | D |
| Restricted Stock UnitsF6,F9 | — | Aug 15, 2016 | M | 4,687 | D | — | — | Common Stock | 4,687 | 42,188 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to Mr. Cannon on May 14, 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 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.
- F3Vesting of RSUs granted to Mr. Cannon on October 8, 2013.
- F4Vesting of RSUs granted to Mr. Cannon on October 14, 2014.
- F5The 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.
- F6Each RSU represents a contingent right to receive one share of Glu Mobile Inc. common stock.
- F7The RSU vested as to 25% of the total number of shares 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.
- F8The RSU 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.
- F9The RSU 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 was 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.