INSEEGO CORP. — Director's Dealing 2014

Oct 10, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NOVATEL WIRELESS INC (NVTL)
CIK: 0001022652
Period of Report: 2014-10-07

Reporting Person: FALCONE PHILIP (Director, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7363334	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series C Preferred Stock	$		Common Stock (87196)		Indirect
Warrant (right to buy)	$2.26	2019-09-08	Common Stock (4117647)		Indirect

Footnotes

F1: The securities are owned directly by HC2 Holdings 2, Inc. ("HC2 Holdings"). HC2 Holdings is a wholly owned subsidiary of HC2 Holdings, Inc. ("HC2"), and HC2 may be deemed to have the sole voting and dispositive power over the securities held by HC2 Holdings. Mr. Falcone is the President, Chief Executive Officer and Chairman of the Board of Directors of HC2, and the Chief Executive Officer and Chairman of the Board of Directors of the Harbinger Group, Inc., which beneficially owns 24.7% of the outstanding common stock of HC2. Mr. Falcone beneficially owns 26.4% of the outstanding common stock of HC2. By virtue of the foregoing, Mr.Falcone may be deemed to share in the voting and dispositive power over the securities held by HC2 Holdings. Mr. Falcone disclaims beneficial ownership of the securities held by HC2 Holdings except to the extent of any pecuniary interest therein.

F2: Each share of Series C Preferred Stock will automatically convert into 10 shares of the Issuer's common stock upon receipt of the required stockholder approval. The Series C Preferred Stock is not convertible into common stock prior to obtaining the requisite stockholder approval. The Series C Preferred Stock has no expiration date.