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: Bayer Michael P. (SVP, Controller & CAO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-12	Options (Right to Buy)	$15.89	D	41429	Disposed	2025-08-31	Common Stock (41429)	Direct
2020-06-12	Options (Right to Buy)	$8.37	D	25500	Disposed	2026-06-24	Common Stock (25500)	Direct
2020-06-12	Options (Right to Buy)	$11.96	D	23000	Disposed	2027-03-14	Common Stock (23000)	Direct
2020-06-12	Performance Options (Right to Buy)	$11.96	D	7710	Disposed	2027-03-14	Common Stock (7710)	Direct
2020-06-12	Options (Right to Buy)	$10.23	D	19575	Disposed	2028-02-17	Common Stock (19575)	Direct
2020-06-12	Performance Options (Right to Buy)	$10.23	D	6525	Disposed	2028-02-17	Common Stock (6525)	Direct
2020-06-12	Options (Right to Buy)	$4.57	D	19000	Disposed	2029-03-10	Common Stock (19000)	Direct
2020-06-12	Options (Right to Buy)	$2.61	A	65516	Acquired	2030-06-12	Common Stock (65516)	Direct

Footnotes

F1: These options provided for vesting in four annual installments beginning on the first anniversary of August 31, 2015, 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 41,429 shares granted on 8/31/15, (ii) options to purchase 25,500 shares granted on 6/24/16, (iii) options to purchase (A) 23,000 shares and (B) 7,710 shares granted on 3/14/17, (iv) options to purchase (A) 19,575 shares and (B) 6,525 shares granted on 2/17/18, and (v) options to purchase 19,000 shares granted on 3/10/19. In exchange, the reporting person received replacement options to purchase 65,516 shares of common stock, having an exercise price of $2.61 per share.

F3: These options provided for vesting in four annual installments beginning on the first anniversary of May 26, 2016, subject to the continued employment with the Company.

F4: These options provided for vesting in four annual installments beginning on the first anniversary of March 14, 2017, 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 March 14, 2017, subject to continued employment with the Company.

F6: 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.

F7: 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.

F8: These options provided for vesting in four annual installments beginning on the first anniversary of March 10, 2019, subject to continued employment with the Company.

F9: These options vest on December 31, 2022, subject to continued employment with the Company.