SEC Form 4 · accession 0001179110-18-006929
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 15, 2018
Accepted (ET)
May 16, 2018 · 6:02 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 | May 15, 2018 | S | 64,900 | $5.5125 | D | 95,724 | D | |
| Common Stock | May 15, 2018 | M | 7,188 | $0.00 | A | 102,912 | D | |
| Common Stock | May 15, 2018 | F | 3,564 | $5.52 | D | 99,348 | D | |
| Common Stock | May 15, 2018 | M | 6,875 | $0.00 | A | 106,223 | D | |
| Common Stock | May 15, 2018 | F | 3,409 | $5.52 | D | 102,814 | 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 UnitsF6,F7 | — | May 15, 2018 | M | 7,188 | A | — | — | Common Stock | 7,188 | 14,375 | D |
| Restricted Stock UnitsF6,F8 | — | May 15, 2018 | M | 6,875 | A | — | — | Common Stock | 6,875 | 41,250 | 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 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 $5.5 to $5.53. 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.
- F3Vesting of restricted stock units (RSUs) granted to Mr. Akhavan on October 14, 2014.
- F4Exempt 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 were relinquished by Mr. Akhavan and cancelled by Glu Mobile Inc. ("Glu") in exchange for Glu's agreement to pay federal and state tax withholding obligations of Mr. Akhavan resulting from the vesting of RSUs. Mr. Akhavan did not sell or otherwise dispose of any of these shares for any reason other than to cover required taxes.
- F5Vesting of RSUs granted to Mr. Akhavan on October 13, 2015.
- 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.