SEC Form 4 · accession 0001179110-18-006924
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
May 15, 2018
Accepted (ET)
May 16, 2018 · 5:59 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 | May 15, 2018 | M | 15,000 | $0.00 | A | 91,733 | D | |
| Common Stock | May 15, 2018 | F | 7,437 | $5.52 | D | 84,296 | D | |
| Common Stock | May 15, 2018 | M | 20,938 | $0.00 | A | 105,234 | D | |
| Common Stock | May 15, 2018 | F | 10,382 | $5.52 | D | 94,852 | D | |
| Common Stock | May 16, 2018 | G | 37,852 | $0.00 | D | 57,000 | D | |
| Common StockF5 | May 16, 2018 | G | 37,852 | $0.00 | A | 276,962 | I | Trust |
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 | — | May 15, 2018 | M | 15,000 | A | — | — | Common Stock | 15,000 | 30,000 | D |
| Restricted Stock UnitsF6,F8 | — | May 15, 2018 | M | 20,938 | A | — | — | Common Stock | 20,938 | 125,625 | D |
Explanation of responses
- F1Vesting of restricted stock units (RSUs) granted to Mr. Ludwig on October 14, 2014.
- 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 these shares reported were relinquished by Mr. Ludwig and cancelled by Glu Mobile Inc. ("Glu") in exchange for Glu's agreement to pay federal and state tax withholding obligations of Mr. Ludwig resulting from the vesting of RSUs. Mr. Ludwig did not sell or otherwise dispose of any of these shares for any reason other than to cover required taxes.
- F3Vesting of RSUs granted to Mr. Ludwig on October 13, 2015.
- F4Represents a transfer of shares to the Ludwig McKillop Trust, of which the reporting person and his wife, Mary Elizabeth McKillop, are the co-trustees
- F5These shares are held by the Ludwig McKillop Trust, of which the reporting person and his wife, Mary Elizabeth McKillop, are the co-trustees.
- F6Each RSU represents a contingent right to receive one share of Glu common stock.
- F7The RSU vested as to 25% of the total number of shares subject to the RSU on November 15, 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 15, 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.
- F8The RSU vested as to 25% of the total number of shares 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.