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INSEEGO CORP. — Director's Dealing 2012
Jul 3, 2012
33606_dirs_2012-07-02_5c9ee91b-34d5-45bc-98a3-fd95323abbaa.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: 2012-07-01
Reporting Person: Ross Chris (SVP Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-07-01 | Common Stock | M | 17270.0 | $0.0 | Acquired | 70856.0 | Direct |
| 2012-07-01 | Common Stock | F | 6334.0 | $2.49 | Disposed | 64522.0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-07-01 | Restricted Stock Units | $ | M | 17270.0 | Disposed | Common Stock (17270.0) | Direct |
Footnotes
F1: Reflects partial vesting of Restricted Stock Units (RSU's) previously awarded to the Reporting Person.
F2: 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.
F3: Includes 7,218 shares acquired on May 15, 2012 under the issuers Employee Stock Purchase Plan.
F4: Converts into Common Stock on a one-for-one basis.
F5: These RSU's vest one-third annually beginning on the first anniversary of the award date.