SEC Form 4 · accession 0001179110-17-013260
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
Oct 9, 2017
Accepted (ET)
Oct 11, 2017 · 4:25 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 Stock | Oct 9, 2017 | M | 160,000 | $2.90 | A | 217,000 | D | |
| Common StockF2 | Oct 9, 2017 | S | 160,000 | $3.6665 | D | 57,000 | D | |
| Common StockF3 | holding | — | — | — | 247,157 | I | Trust |
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)F4 | $2.90 | Oct 9, 2017 | M | 160,000 | A | — | Oct 20, 2017 | Common Stock | 160,000 | 0 | D |
| Stock Option (right to buy)F5 | $3.59 | Oct 10, 2017 | A | 280,146 | A | — | Oct 10, 2027 | Common Stock | 280,146 | 280,146 | D |
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 6, 2017.
- F2Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $3.64 to $3.77. 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.
- F3These shares are held by the Ludwig McKillop Trust, of which the reporting person and his wife, Mary Elizabeth McKillop, are the co-trustees.
- F4The option vested and became exercisable over four years with 25% of the shares vesting and becoming exercisable on October 20, 2012, the first anniversary of the grant date, and the remaining shares vesting and becoming exercisable in equal monthly installments thereafter for a period of three years.
- F5The option vests and becomes exercisable over four years with 25% of the shares vesting on the first anniversary of the grant date and the remaining shares vesting and becoming exercisable in equal monthly installments thereafter for a period of three years.