SEC Form 4 · accession 0001209191-17-067297
Global Eagle Entertainment Inc. · ENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Steger
Director
Period of report
Dec 21, 2017
Accepted (ET)
Dec 26, 2017 · 8:31 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 | Dec 21, 2017 | A | 3,227 | $0.00 | A | 3,227 | D | |
| Common StockF2 | Dec 21, 2017 | A | 31,152 | $0.00 | A | 34,379 | 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 BuyF3 | $3.21 | Dec 21, 2017 | A | 7,395 | A | Dec 21, 2017 | Dec 21, 2024 | Common Stock | 7,395 | 7,395 | D |
Explanation of responses
- F1These shares (which were granted as restricted stock units) were backlog "stub" grants for director service from April 17, 2017 (the date the Reporting Person Joined our Board of Directors) through the 2017 annual stockholders' meeting, and became fully vested on December 21, 2017 (the date of the Issuer's 2017 annual stockholders' meeting).
- F2These shares were granted as restricted stock units, and will vest in full on the earlier of (i) June 26, 2018 and (ii) the date of the Issuer's 2018 annual stockholders' meeting, subject to continuous service through the vesting date.
- F3These stock options were backlog "stub" grants for director service from April 17, 2017 (the date the Reporting Person joined our Board of Directors) through the 2017 annual stockholders' meeting, and were fully vested on December 21, 2017 (the date of the Issuer's 2017 annual stockholders' meeting).
Remarks
The grants in this Form 4 are "backlog grants" promised to the Reporting Person earlier in 2017, the issuance of which was subject to stockholder approval of our new 2017 Omnibus Long-Term Incentive Plan. Our stockholders approved the new Plan on December 21, 2017. We described this grant in our Schedule 14A filed with the U.S. Securities and Exchange Commission on November 28, 2017.