SEC Form 4 · accession 0001144204-16-121546
Global Eagle Entertainment Inc. · ENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Severson Jr.
Officer — Chief Financial Officer
Period of report
Aug 25, 2016
Accepted (ET)
Aug 26, 2016 · 5:28 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 | Aug 25, 2016 | A | 80,000 | $0.00 | A | 80,000 | 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 | $8.41 | Aug 25, 2016 | A | 200,000 | A | — | Aug 25, 2023 | Common Stock | 200,000 | 200,000 | 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 August 24, 2017, subject to continuous employment on each vesting date.
- F2Subject to continuous employment, these stock options will vest on the following schedule: (i) with respect to one-quarter of the underlying shares, on August 24, 2017; and (ii) with respect to the remaining underlying shares, monthly on a pro rata basis during the following three years until fully vested.