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GLUU Glu Mobile Inc

12.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Glu Mobile Inc NASDAQ:GLUU NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 12.50 13.00 12.50 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

14/02/2014 9:48pm

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).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Ludwig Eric R
2. Issuer Name and Ticker or Trading Symbol

GLU MOBILE INC [ GLUU ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP and CFO
(Last)          (First)          (Middle)

GLU MOBILE INC., 500 HOWARD STREET, SUITE 300
3. Date of Earliest Transaction (MM/DD/YYYY)

2/13/2014
(Street)

SAN FRANCISCO, CA 94105
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   11/4/2013     G (1)    10638   D $0.00   57000   D    
Common Stock   11/4/2013     G (1)    10638   A $0.00   25702   I   Trust   (2)
Common Stock   2/13/2014     M (3)    4166   A $0.99   61166   D    
Common Stock   2/13/2014     M (3)    107500   A $1.0648   168866   D    
Common Stock   2/13/2014     M (3)    37500   A $1.07   206166   D    
Common Stock   2/13/2014     M (3)    10834   A $1.77   217000   D    
Common Stock   2/13/2014     M (3)    40000   A $4.39   257000   D    
Common Stock   2/13/2014     S (3)    200000   D $4.7615   (4) 57000   D    
Common Stock   2/13/2014     S (3)    14870   D $4.7632   (5) 10832   I   Trust   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)   $0.99   2/13/2014     M   (3)       4166      (6) 4/8/2016   Common Stock   4166   $0.00   8334   D    
Stock Option (right to buy)   $1.0648   2/13/2014     M   (3)       107500      (7) 12/16/2015   Common Stock   107500   $0.00   0   D    
Stock Option (right to buy)   $1.07   2/13/2014     M   (3)       37500      (8) 8/7/2015   Common Stock   37500   $0.00   0   D    
Stock Option (right to buy)   $1.77   2/13/2014     M   (3)       10834      (9) 10/21/2016   Common Stock   10834   $0.00   122499   D    
Stock Option (right to buy)   $4.39   2/13/2014     M   (3)       40000      (10) 4/28/2014   Common Stock   40000   $0.00   0   D    

Explanation of Responses:
( 1)  Represents a transfer of shares to the Ludwig McKillop Trust, of which the reporting person and his wife, Mary Elizabeth McKillop, are the co-trustees.
( 2)  These shares are held by the Ludwig McKillop Trust
( 3)  The stock option exercises and the sales of the underlying option shares were effected pursuant to a trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934 that Mr. Ludwig entered into on November 13, 2013.
( 4)  Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $4.68 to $4.85. 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.
( 5)  Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $4.69 to $4.85. 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.
( 6)  The option vests and becomes exercisable over four years, with 25% of the underlying shares having vested and become exercisable on April 8, 2011, the first anniversary of the grant date, with the remaining underlying shares vesting and becoming exercisable in equal monthly installments over the following three years such that the option will be fully vested on April 8, 2014.
( 7)  The option vested and became exercisable over four years, with 25% of the underlying shares having vested and become exercisable on December 16, 2010, the first anniversary of the grant date, with the remaining underlying shares vesting and becoming exercisable in equal monthly installments over the following three years such that the option became fully vested on December 16, 2013.
( 8)  The option vested and became exercisable with respect to 50% of the underlying shares on the date that a new Chief Executive Officer joined Glu Mobile Inc., which was December 1, 2009 (the "Start Date"), and the remaining 50% of the underlying shares vested and became exercisable on the six-month anniversary of the Start Date, or June 1, 2010.
( 9)  The option vests and becomes exercisable over four years, with 25% of the underlying shares having vested and become exercisable on October 21, 2011, the first anniversary of the grant date, with the remaining underlying shares vesting and becoming exercisable in equal monthly installments over the following three years such that the option will be fully vested on October 21, 2014.
( 10)  The option vested and became exercisable over four years, with 25% of the underlying shares having vested and become exercisable on April 28, 2009, the first anniversary of the grant date, with the remaining underlying shares vesting and becoming exercisable in equal monthly installments over the following three years such that the option became fully vested on April 28, 2012.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Ludwig Eric R
GLU MOBILE INC.
500 HOWARD STREET, SUITE 300
SAN FRANCISCO, CA 94105


EVP and CFO

Signatures
/s/ Eric R. Ludwig 2/14/2014
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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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