Gogo Inc. — Director's Dealing 2020

Jun 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gogo Inc. (GOGO)
CIK: 0001537054
Period of Report: 2020-06-12

Reporting Person: ROWAN BARRY L (EVP and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-12	Options (Right to Buy)	$12.50	D	200000	Disposed	2027-04-24	Common Stock (200000)	Direct
2020-06-12	Options (Right to Buy)	$12.50	D	100000	Disposed	2027-04-24	Common Stock (100000)	Direct
2020-06-12	Options (Right to Buy)	$10.23	D	37000	Disposed	2028-02-17	Common Stock (37000)	Direct
2020-06-12	Options (Right to Buy)	$10.23	D	37000	Disposed	2028-02-17	Common Stock (37000)	Direct
2020-06-12	Options (Right to Buy)	$5.26	D	50000	Disposed	2029-04-30	Common Stock (50000)	Direct
2020-06-12	Options (Right to Buy)	$2.61	A	249414	Acquired	2030-06-12	Common Stock (249414)	Direct

Footnotes

F1: These options provided for vesting in four annual installments beginning on the first anniversary of April 24, 2017, subject to continued employment with the Company.

F2: On 6/12/20, pursuant to its option exchange program, the issuer cancelled the following options to purchase shares of common stock held by the reporting person: (i) options to purchase (A) 200,000 shares and (B) 100,000 shares granted on 4/24/17, (ii) options to purchase (A) 37,000 shares and (B) 37,000 shares granted on 2/17/18 and (iii) 50,000 shares granted on 4/30/19. In exchange, the reporting person received replacement options to purchase 249,414 shares of common stock, having an exercise price of $2.61 per share.

F3: Following the elimination of the performance conditions for these options by the Compensation Committee of the Company, these options provided for vesting in four annual installments beginning on the first anniversary of April 24, 2017, subject to continued employment with the Company.

F4: These options provided for vesting in four annual installments beginning on the first anniversary of February 17, 2018, subject to continued employment with the Company.

F5: Following the elimination of the performance conditions for these options by the Compensation Committee of the Company, these options provided for vesting in four annual installments beginning on the first anniversary of February 17, 2018, subject to continued employment with the Company.

F6: These options provided for vesting as follows: (i) 50% of the options vest on December 31, 2020 and (ii) the remaining 50% vest on December 31, 2021, subject to continued employment with the Company.

F7: These options vest on December 31, 2022, subject to continued employment with the Company.