SEC Form 4 · accession 0001179110-18-006362
GLU MOBILE INC · GLUU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris Akhavan
Officer — Chief Revenue Officer
Period of report
May 3, 2018
Accepted (ET)
May 7, 2018 · 9:42 am 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 | May 3, 2018 | M | 110,184 | $2.74 | A | 275,908 | D | |
| Common StockF2 | May 3, 2018 | S | 110,184 | $5.001 | D | 165,724 | D | |
| Common Stock | May 4, 2018 | M | 102,316 | $2.74 | A | 268,040 | D | |
| Common StockF3 | May 4, 2018 | S | 102,316 | $5.0227 | D | 165,724 | D | |
| Common Stock | May 4, 2018 | M | 89,145 | $2.91 | A | 254,869 | D | |
| Common StockF3 | May 4, 2018 | S | 89,145 | $5.0227 | D | 165,724 | D | |
| Common Stock | May 4, 2018 | M | 37,500 | $2.43 | A | 203,224 | D | |
| Common StockF3 | May 4, 2018 | S | 37,500 | $5.0227 | D | 165,724 | 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)F4 | $2.74 | May 3, 2018 | M | 110,184 | D | — | May 14, 2019 | Common Stock | 110,184 | 102,316 | D |
| Stock Option (right to buy)F4 | $2.74 | May 4, 2018 | M | 102,316 | D | — | May 14, 2019 | Common Stock | 102,316 | 0 | D |
| Stock Option (right to buy)F5 | $2.91 | May 4, 2018 | M | 89,145 | D | — | Oct 8, 2019 | Common Stock | 89,145 | 0 | D |
| Stock Option (right to buy)F6 | $2.43 | May 4, 2018 | M | 37,500 | D | — | Jun 11, 2019 | Common Stock | 37,500 | 0 | 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. Akhavan entered into on November 10, 2017.
- F2Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $5.00 to $5.015. 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.
- F3Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $5.00 to $5.06. 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.
- F4The option vested and became exercisable over four years with 25% of the shares vesting and becoming exercisable on April 22, 2014, the first anniversary of the vesting commencement date, and the remaining shares vesting and becoming exercisable in equal monthly instalments thereafter for a period of three years.
- F5The option vested and became exercisable over four years with 25% of the shares vesting and becoming exercisable on October 8, 2014, the first anniversary of the grant date, and the remaining shares vesting and becoming exercisable in equal monthly instalments thereafter for a period of three years.
- F6The option vested and became exercisable over four years with 25% of the shares vesting and becoming exercisable on June 11, 2014, the first anniversary of the grant date, and the remaining shares vesting and becoming exercisable in equal monthly instalments thereafter for a period of three years.