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Oblong, Inc. Director's Dealing 2012

Mar 16, 2012

35367_dirs_2012-03-16_a0f3ba85-3b14-4fc9-b2fd-163719a1f842.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOWPOINT, INC. (GLOW)
CIK: 0000746210
Period of Report: 2012-03-12

Reporting Person: Laezza Joseph (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-03-12 Common Stock A 250000 Acquired 1052329 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-03-12 Stock Option (right to buy) $3.47 A 250000 Acquired 2022-03-12 Common Stock (250000) Direct
2012-03-12 Stock Option (right to buy) $3.02 A 250000 Acquired 2022-03-12 Common Stock (250000) Direct

Footnotes

F1: These shares of restricted stock vest upon the earlier to occur of (i) the Issuer's change of control or corporate transaction (each as defined in the Issuer's 2007 Stock Incentive Plan) and (ii) the tenth anniversary of the date of the award.

F2: These options only vest upon the Issuer's change of control or corporate transaction (each as defined in the Issuer's 2007 Stock Incentive Plan).

F3: These options were granted pursuant to the Issuer's 2007 Stock Incentive Plan.

F4: These options only vest upon the Issuer's change of control or corporate transaction (each as defined in the Issuer's 2007 Stock Incentive Plan).

F5: These options were granted pursuant to the Issuer's 2007 Stock Incentive Plan.