INSEEGO CORP. — Director's Dealing 2010

Mar 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOVATEL WIRELESS INC (NVTL)
CIK: 0001022652
Period of Report: 2010-03-11

Reporting Person: WERNER DAVID A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-13	Common Stock	M	3205	—	Acquired	15205	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-11	Non-Qualified Stock Option (right to buy)	$6.95	A	10791	Acquired	2020-03-11	Common Stock (10791)	Direct
2010-03-11	Restricted Stock Units	$0	A	7188	Acquired		Common Stock (7188)	Direct
2010-03-13	Restricted Stock Units	$0	M	3205	Disposed		Common Stock (3205)	Direct

Footnotes

F1: Reflects partial vesting of Restricted Stock Units (RSU's) previously awarded to the Reporting Person.

F2: This option shall vest over three (3) years, one-third of which shall vest on the one-year anniversary of the grant date, followed by 24 months of ratable monthly vesting.

F3: Converts into Common Stock on a one-for-one basis.

F4: These RSU's vest one-third annually begining on the first anniversary of the grant date.