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INSEEGO CORP. — Director's Dealing 2017
Jun 14, 2017
33606_dirs_2017-06-13_42a96f3e-2de5-4e8a-a449-ab70af93eb97.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INSEEGO CORP. (INSG)
CIK: 0001022652
Period of Report: 2017-06-06
Reporting Person: Mondor Dan (President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-06-06 | Non-Qualified Stock Option (right to buy) | $.94 | A | 750000 | Acquired | 2027-06-06 | Common Stock (750000) | Direct |
Footnotes
F1: These stock options will vest 100% on June 6, 2018, the first anniversary of the date of grant, provided Mr. Mondor remains employed by the Company through such date. In the event of a change in control of the Company (as defined in his Change in Control and Severance Agreement, or "CIC Agreement") prior to June 6, 2018, 100% of the options will vest, provided Mr. Mondor remains employed with the Company through the date of such change in control. In the event Mr. Mondor's employment with the Company is involuntarily terminated without "cause" (as defined in his CIC Agreement) prior to June 6, 2018 and other than in connection with a change in control of the Company, then a pro rata portion of the options will vest, based on the number of full months between his start date and his termination date, divided by 12.