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Gogo Inc. — Director's Dealing 2016
Sep 2, 2016
32128_dirs_2016-09-02_09b9608b-0b03-4085-8244-18b5ed09006b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Gogo Inc. (GOGO)
CIK: 0001537054
Period of Report: 2016-08-31
Reporting Person: WADE JOHN (EVP and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-31 | Common Stock | A | 2500 | $0.00 | Acquired | 30007 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-31 | Options (Right to Buy) | $12.23 | A | 19400 | Acquired | 2026-08-31 | Common Stock (19400) | Direct |
| 2016-08-31 | Performance Restricted Stock Units | $ | A | 238 | Acquired | Common Stock (238) | Direct | |
| 2016-08-31 | Performance Restricted Stock Units | $ | A | 462 | Acquired | Common Stock (462) | Direct | |
| 2016-08-31 | Performance Options (Right to Buy) | $12.23 | A | 2074 | Acquired | 2026-08-31 | Common Stock (2074) | Direct |
| 2016-08-31 | Performance Options (Right to Buy) | $12.23 | A | 4026 | Acquired | 2026-08-31 | Common Stock (4026) | Direct |
Footnotes
F1: Includes restricted shares.
F2: These options were granted on August 31, 2016 and are scheduled to vest and become exercisable in four equal annual installments on the first four anniversaries of May 26, 2016, subject to continued employment with the Company.
F3: Each performance restricted stock unit represents the contingent right to receive one share of the Company's common stock or its equivalent value in cash.
F4: The performance restricted stock units vest and are settled when they have both time vested and performance vested as follows: (i) the performance restricted stock units time vest in equal annual installments on the first four anniversaries of May 26, 2016 and (ii) the performance restricted stock units performance vest at such time, if any, as the per share closing price of Gogo common stock on the NASDAQ market during the period beginning on the grant date and ending on the fourth anniversary of May 26, 2016 equals or exceeds $21 for a period of 30 consecutive trading days. Any performance restricted stock unit that has not performance vested by May 26, 2020 shall be forfeited.
F5: The performance restricted stock units vest and are settled when they have both time vested and performance vested as follows: (i) the performance restricted stock units time vest in equal annual installments on the first four anniversaries of May 26, 2016 and (ii) the performance restricted stock units performance vest at such time, if any, as the per share closing price of Gogo common stock on the NASDAQ market during the period beginning on the grant date and ending on the fourth anniversary of May 26, 2016 equals or exceeds $28 for a period of 30 consecutive trading days. Any performance restricted stock unit that has not performance vested by May 26, 2020 shall be forfeited.
F6: The performance options vest and become exercisable when they have both time vested and performance vested as follows: (i) the performance options time vest in equal annual installments on the first four anniversaries of May 26, 2016 and (ii) the performance options performance vest at such time, if any, as the per share closing price of Gogo common stock on the NASDAQ market during the period beginning on the grant date and ending on the fourth anniversary of May 26, 2016 equals or exceeds $21 for a period of 30 consecutive trading days. Any performance option that has not performance vested by May 26, 2020 shall be forfeited.
F7: The performance options vest and become exercisable when they have both time vested and performance vested as follows: (i) the performance options time vest in equal annual installments on the first four anniversaries of May 26, 2016 and (ii) the performance options performance vest at such time, if any, as the per share closing price of Gogo common stock on the NASDAQ market during the period beginning on the grant date and ending on the fourth anniversary of May 26, 2016 equals or exceeds $28 for a period of 30 consecutive trading days. Any performance option that has not performance vested by May 26, 2020 shall be forfeited.