SEC Form 4 · accession 0001179110-16-029156
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 29, 2016
Accepted (ET)
Aug 31, 2016 · 5:34 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 StockF2,F3 | Aug 29, 2016 | S | 26,119 | $2.3233 | D | 59,966 | D | |
| Common StockF4 | holding | — | — | — | 133,127 | I | Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sale was effected pursuant to a trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, that Mr. Ludwig entered into on March 2, 2016.
- F2Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $2.29 to $2.36. 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.
- F3In a Form 4 filed on August 17, 2016, Mr. Ludwig reported that he directly beneficially owned 79,472 shares of common stock of Glu Mobile Inc. ("Glu"). Mr. Ludwig subsequently acquired 6,613 shares of Glu common stock on August 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 directly beneficially owned by Mr. Ludwig following this transaction takes into account this purchase.
- F4These shares are held by the Ludwig McKillop Trust, of which the reporting person and his wife, Mary Elizabeth McKillop, are the co-trustees.