SEC Form 4 · accession 0001104659-16-155180
Global Eagle Entertainment Inc. · ENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Mullen
Officer — SVP & Chief Accounting Officer
Period of report
Nov 3, 2016
Accepted (ET)
Nov 7, 2016 · 4:02 pm EST
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 | Nov 3, 2016 | A | 26,144 | $0.00 | A | 26,144 | 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 | $7.65 | Nov 3, 2016 | A | 68,225 | A | — | Nov 3, 2023 | Common Stock | 68,225 | 68,225 | D |
Explanation of responses
- F1These shares were granted as restricted stock units, and will vest in four equal annual installments, with the first installment vesting on November 3, 2017, subject to continuous employment on each vesting date.
- F2These stock options will vest on the following schedule: (i) with respect to one-quarter of the underlying shares, on November 3, 2017; and (ii) with respect to the remaining underlying shares, monthly on a pro rata basis during the following three years until fully vested; in each case subject to continuous employment on each vesting date.