SEC Form 4 · accession 0001179110-18-008257
GLU MOBILE INC · GLUU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hany Nada
Director
Period of report
Jun 5, 2018
Accepted (ET)
Jun 7, 2018 · 6:32 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,F3 | Jun 5, 2018 | S | 5,850 | $6.0071 | D | 9,093 | I | See Footnote |
| Common StockF2,F4 | Jun 5, 2018 | S | 294,150 | $6.0071 | D | 457,364 | I | See Footnote |
| Common Stock | Jun 7, 2018 | M | 25,000 | $0.00 | A | 190,200 | 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 | — | Jun 7, 2018 | M | 25,000 | A | — | — | Common Stock | 25,000 | 0 | D |
| Restricted Stock UnitsF6,F8 | — | Jun 7, 2018 | A | 25,000 | A | — | — | Common Stock | 25,000 | 25,000 | D |
| Stock Option (right to buy)F9 | $5.67 | Jun 7, 2018 | A | 50,000 | A | — | Jun 7, 2028 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The sales were effected pursuant to a trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934 established on August 23, 2017 by Granite Global Ventures II L.P. ("Granite Global") and GGV II Entrepreneurs Fund L.P. ("GGV").
- F2Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $6.00 to $6.055. 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 purchased at each separate price.
- F3Represents shares held by GGV. Mr. Nada is a managing director of the general partner of GGV, which has six other individual managing directors, and shares voting and investment power with respect to the shares held by this entity with the other managing directors of the general partner. Mr. Nada disclaims beneficial ownership of these shares except to the extent of his individual pecuniary interest in this entity.
- F4Represents shares held by Granite Global. Mr. Nada is a managing director of the general partner of Granite Global, which has six other individual managing directors, and shares voting and investment power with respect to the shares held by these entities with the other managing directors of the general partner. Mr. Nada disclaims beneficial ownership of these shares except to the extent of his individual pecuniary interest in this entity.
- F5Vesting of restricted stock units (RSUs) granted to Mr. Nada on June 8, 2017.
- F6Each RSU represents a contingent right to receive one share of Glu common stock
- F7The RSU vests in full on the first to occur of (1) June 8, 2018 or (2) the date of the Glu Mobile Inc. 2018 Annual Meeting of Stockholders.
- F8The RSU vests in full on the first to occur of (1) June 7, 2019 or (2) the date of the Glu Mobile Inc. 2019 Annual Meeting of Stockholders.
- F9The option is immediately exercisable and vests in full on the first to occur of (1) June 7, 2019 or (2) the date of the Glu Mobile Inc. 2019 Annual Meeting of Stockholders.