SEC Form 4 · accession 0000914760-15-000154
Global Eagle Entertainment Inc. · ENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Leonard Zemetra
Officer — CFO and Treasurer
Period of report
Jan 20, 2015
Accepted (ET)
May 1, 2015 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001512077
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 20, 2015 | M | 126 | $9.87 | A | 126 | D | |
| Common Stock | Jan 20, 2015 | S | 100 | $15.00 | D | 26 | D | |
| Common Stock | Jan 21, 2015 | M | 87,999 | $9.87 | A | 88,025 | D | |
| Common Stock | Jan 21, 2015 | S | 69,973 | $15.00 | D | 18,052 | D | |
| Common Stock | Jan 30, 2015 | M | 4,896 | $9.87 | A | 22,948 | D | |
| Common Stock | Jan 30, 2015 | S | 4,017 | $15.42 | D | 18,931 | D | |
| Common StockF1 | Mar 16, 2015 | A | 5,527 | $0.00 | A | 24,458 | D | |
| Common StockF2 | Mar 16, 2015 | A | 4,942 | $0.00 | A | 29,400 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F3 | $9.87 | Jan 20, 2015 | M | 126 | D | — | Jun 17, 2018 | Common Stock | 126 | 274,874 | D |
| Option (right to buy)F3 | $9.87 | Jan 21, 2015 | M | 87,999 | D | — | Jun 17, 2018 | Common Stock | 87,999 | 186,875 | D |
| Option (right to buy)F3 | $9.87 | Jan 30, 2015 | M | 4,896 | D | — | Jun 17, 2018 | Common Stock | 4,896 | 181,979 | D |
| Option (right to buy)F4 | $13.15 | Mar 16, 2015 | A | 15,800 | A | — | Mar 16, 2020 | Common Stock | 15,800 | 15,800 | D |
Explanation of responses
- F1Pursuant to Restricted Stock Units that are expected to vest in four equal annual installments, beginning on March 16, 2016.
- F2Pursuant to Restricted Stock Units that are expected to vest, subject to the reporting person's continued employment with Global Eagle Entertainment Inc., on September 17, 2015.
- F3The original option was for 275,000 shares, of which 68,500 underlying shares vested on June 17, 2014 and the remaining underlying shares are expected to vest monthly on a pro rata basis during the following three years until fully vested.
- F4The stock options are expected to vest in four equal annual installments beginning on March 16, 2016.