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INNOVATE Corp. — Director's Dealing 2015
Feb 26, 2015
34366_dirs_2015-02-26_daa8a146-2dbb-4369-91b7-28351c253975.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NOVATEL WIRELESS INC (MIFI)
CIK: 0001022652
Period of Report: 2015-02-24
Reporting Person: HC2 Holdings, Inc. (10% Owner)
Reporting Person: HC2 Holdings 2, Inc. (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-24 | Common Stock | S | 586095 | — | Disposed | 7649199 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-24 | Warrants to Purchase Common Stock (right to buy) | $2.26 | S | 293047 | Disposed | 2019-09-08 | Common Stock (293047) | Direct |
Footnotes
F1: HC2 Holdings 2, Inc. ("HC2 Holdings") sold 586,095 shares of Novatel Wireless, Inc. common stock ("Common Stock") and warrants to purchase 293,047 shares of Common Stock in a privately negotiated transaction for a total purchase price of $1,025,666.17.
F2: The securities of the Issuer reported herein are held directly by HC2 Holdings. HC2 Holdings is a wholly owned subsidiary of HC2 Holdings, Inc. ("HC2"). HC2 disclaims beneficial ownership of the shares held directly by HC2 Holdings except to the extent it has actual voting or investment control of such shares.