SEC Form 4 · accession 0001179110-18-008259
GLU MOBILE INC · GLUU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin T. Smith IV
Director
Period of report
Jun 6, 2018
Accepted (ET)
Jun 7, 2018 · 6:33 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 | Jun 6, 2018 | M | 50,000 | $4.43 | A | 154,149 | D | |
| Common Stock | Jun 6, 2018 | F | 39,554 | $5.60 | D | 114,595 | D | |
| Common Stock | Jun 7, 2018 | M | 25,000 | $0.00 | A | 139,595 | 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)F3 | $4.43 | Jun 6, 2018 | M | 50,000 | D | — | Jun 7, 2018 | Common Stock | 50,000 | 0 | D |
| Restricted Stock UnitsF4,F5 | — | Jun 7, 2018 | M | 25,000 | A | — | — | Common Stock | 25,000 | 0 | D |
| Restricted Stock UnitsF4,F6 | — | Jun 7, 2018 | A | 25,000 | A | — | Jun 7, 2028 | Common Stock | 25,000 | 25,000 | D |
| Stock Option (right to buy)F7 | $5.67 | Jun 7, 2018 | A | 50,000 | A | — | — | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Exempt 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. These shares were withheld and cancelled by Glu Mobile Inc. ("Glu") at the market price of $5.60 per share less the exercise price of $4.43 to fund the cashless exercise of 50,000 options owned by Mr. Smith.
- F2Vesting of restricted stock units (RSUs) granted to Mr. Smith on June 8, 2017.
- F3The option vested over a 12 month period, with 8.332% of the shares becoming exercisable on July 7, 2012, the one month anniversary of the vesting commencement date, and the remaining shares vesting and becoming exercisable in 11 equal monthly instalments thereafter, such that the option was fully vested on June 7, 2013.
- F4Each RSU represents a contingent right to receive one share of Glu common stock.
- F5The 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.
- F6The 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.
- F7The 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.