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INSEEGO CORP. — Director's Dealing 2011
Mar 15, 2011
33606_dirs_2011-03-15_a07cee47-d290-4366-b9e3-0f4db9923f4b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NOVATEL WIRELESS INC (NVTL)
CIK: 0001022652
Period of Report: 2011-03-11
Reporting Person: SOUISSI SLIM S (SVP & CTO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-03-11 | Common Stock | M | 11980 | — | Acquired | 67473 | Direct |
| 2011-03-11 | Common Stock | F | 4792 | $5.65 | Disposed | 62681 | Direct |
| 2011-03-13 | Common Stock | M | 24039 | — | Acquired | 86720 | Direct |
| 2011-03-13 | Common Stock | F | 8817 | $5.65 | Disposed | 77903 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-03-11 | Restricted Stock Units | $ | M | 11980 | Disposed | Common Stock (11980) | Direct | |
| 2011-03-13 | Restricted Stock Units | $ | M | 24039 | Disposed | Common Stock (24039) | Direct |
Footnotes
F1: Reflects partial vesting of Restricted Stock Units (RSU's) previously awarded to the Reporting Person.
F2: Includes 7,246 shares acquired on May 14, 2010 under the issuers Employee Stock Purchase Plan.
F3: Automatic disposition of shares back to Issuer (and subsequent cancellation thereof) solely to satisfy immediate payroll tax withholding obligation triggered by the vesting of restricted stock. The Reporting Person received no proceeds from this transaction.
F4: Converts into Common Stock on a one-for-one basis.
F5: These Restricted Stock Units vest on the transacion date.