Statement of Changes in Beneficial Ownership (4)
May 07 2018 - 9:43AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Akhavan Chris
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2. Issuer Name
and
Ticker or Trading Symbol
GLU MOBILE INC
[
GLUU
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Chief Revenue Officer
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(Last)
(First)
(Middle)
C/O GLU MOBILE INC., 875 HOWARD STREET, SUITE 100
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3. Date of Earliest Transaction
(MM/DD/YYYY)
5/3/2018
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(Street)
SAN FRANCISCO, CA 94103
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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5/3/2018
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M
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110184
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A
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$2.74
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275908
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D
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Common Stock
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5/3/2018
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S
(1)
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110184
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D
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$5.001
(2)
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165724
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D
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Common Stock
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5/4/2018
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M
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102316
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A
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$2.74
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268040
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D
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Common Stock
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5/4/2018
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S
(1)
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102316
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D
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$5.0227
(3)
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165724
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D
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Common Stock
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5/4/2018
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M
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89145
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A
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$2.91
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254869
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D
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Common Stock
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5/4/2018
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S
(1)
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89145
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D
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$5.0227
(3)
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165724
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D
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Common Stock
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5/4/2018
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M
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37500
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A
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$2.43
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203224
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D
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Common Stock
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5/4/2018
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S
(1)
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37500
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D
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$5.0227
(3)
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165724
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Stock Option (right to buy)
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$2.74
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5/3/2018
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M
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110184
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(4)
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5/14/2019
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Common Stock
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110184
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$0
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102316
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D
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Stock Option (right to buy)
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$2.74
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5/4/2018
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M
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102316
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(4)
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5/14/2019
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Common Stock
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102316
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$0
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0
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D
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Stock Option (right to buy)
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$2.91
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5/4/2018
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M
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89145
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(5)
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10/8/2019
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Common Stock
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89145
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$0
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0
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D
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Stock Option (right to buy)
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$2.43
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5/4/2018
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M
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37500
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(6)
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6/11/2019
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Common Stock
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37500
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$0
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0
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D
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Explanation of Responses:
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(1)
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The sale was effected pursuant to a trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, that Mr. Akhavan entered into on November 10, 2017.
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(2)
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Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $5.00 to $5.015. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
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(3)
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Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $5.00 to $5.06. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
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(4)
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The option vested and became exercisable over four years with 25% of the shares vesting and becoming exercisable on April 22, 2014, the first anniversary of the vesting commencement date, and the remaining shares vesting and becoming exercisable in equal monthly instalments thereafter for a period of three years.
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(5)
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The option vested and became exercisable over four years with 25% of the shares vesting and becoming exercisable on October 8, 2014, the first anniversary of the grant date, and the remaining shares vesting and becoming exercisable in equal monthly instalments thereafter for a period of three years.
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(6)
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The option vested and became exercisable over four years with 25% of the shares vesting and becoming exercisable on June 11, 2014, the first anniversary of the grant date, and the remaining shares vesting and becoming exercisable in equal monthly instalments thereafter for a period of three years.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Akhavan Chris
C/O GLU MOBILE INC.
875 HOWARD STREET, SUITE 100
SAN FRANCISCO, CA 94103
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Chief Revenue Officer
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Signatures
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/s/ Chris Akhavan
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5/4/2018
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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