SEC Form 4 · accession 0001179110-17-007472
GLU MOBILE INC · GLUU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tim Wilson
Officer — Chief Technology Officer
Period of report
May 15, 2017
Accepted (ET)
May 17, 2017 · 8:08 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,F2 | May 15, 2017 | A | 6,438 | $0.00 | A | 33,890 | D | |
| Common Stock | May 15, 2017 | F | 2,476 | $2.67 | D | 31,414 | D | |
| Common StockF4 | May 15, 2017 | A | 37,500 | $0.00 | A | 68,914 | D | |
| Common Stock | May 15, 2017 | F | 13,892 | $2.67 | D | 55,022 | 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 UnitsF5,F6 | — | May 15, 2017 | M | 6,438 | D | — | — | Common Stock | 6,438 | 64,375 | D |
| Restricted Stock UnitF5,F7 | — | May 15, 2017 | M | 37,500 | D | — | — | Common Stock | 37,500 | 112,500 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to Mr. Wilson on November 10, 2015.
- F2Mr. Wilson acquired 4,069 shares of Glu Mobile Inc.'s ("Glu") common stock on February 21, 2017 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. Wilson following this transaction takes into account this purchase.
- F3Exempt 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. Wilson and cancelled by Glu in exchange for Glu's agreement to pay federal and state tax withholding obligations of Mr. Wilson resulting from the vesting of RSUs. Mr. Wilson 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.
- F4Vesting of RSUs granted to Mr. Wilson on May 12, 2016.
- F5Each RSU represents a contingent right to receive one share of Glu common stock.
- F6The RSU vested as to 25% of the total number of shares of 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 was February 15, 2017, the next quarterly vesting date was 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.
- F7The RSU vested as to 25% of the total number of shares of subject to the RSU on May 15, 2017 (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 August 15, 2017, the next quarterly vesting date will be November 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.