SEC Form 4 · accession 0001104659-16-135059
Global Eagle Entertainment Inc. · ENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Abel Antonio Avellan
Officer — Pres. & Chief Strategy Officer
Period of report
Jul 27, 2016
Accepted (ET)
Jul 28, 2016 · 5:23 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 StockF1,F2 | Jul 27, 2016 | A | 275,000 | $0.00 | A | 275,000 | D | |
| Common Stock | Jul 27, 2016 | A | 175,000 | $0.00 | A | 450,000 | D | |
| Common StockF3 | Jul 27, 2016 | F | 74,103 | $8.03 | D | 375,897 | 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)F2,F4 | $8.03 | Jul 27, 2016 | A | 450,000 | A | — | Jul 27, 2023 | Common Stock | 450,000 | 450,000 | D |
Explanation of responses
- F1Subject to continuous employment, these shares were granted as restricted stock units, and will vest in three equal installments with the first installment vesting on July 27, 2017.
- F2Granted pursuant to Global Eagle Entertainment Inc.'s 2016 Inducement and Retention Stock Plan for EMC Employees under NASDAQ Listing Rule 5635(c)(4).
- F3Reflects shares withheld to satisfy tax withholding obligations.
- F4Subject to continuous employment, these stock options will vest on the following schedule: (i) with respect to one-third of the underlying shares, on July 27, 2017; and (ii) with respect to the remaining underlying shares, monthly on a pro rata basis during the following two years until fully vested.