Oblong, Inc. — Director's Dealing 2012

Feb 10, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOWPOINT, INC. (GLOW)
CIK: 0000746210
Period of Report: 2011-08-03

Reporting Person: Vicis Capital, LLC (10% Owner)
Reporting Person: Vicis Capital Master Fund (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-03	Common Stock	C	1333435	—	Acquired	9586058	Indirect
2011-08-03	Series B Preferred Stock	J	100	—	Disposed	0	Indirect
2011-08-03	Series B-1 Preferred Stock	J	100	—	Acquired	100	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-03	Series A-2 Convertible Preferred Stock	$3	C	533.3737	Disposed		Common Stock (1333435)	Indirect

Footnotes

F1: Represents the indirect holdings of Vicis Capital, LLC. All of the foregoing represents securities held directly by Vicis Capital Master Fund. Vicis Capital, LLC acts as investment advisor to Vicis Capital Master Fund and therefore has voting and dispositive power over all the foregoing shares. For the purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Vicis Capital, LLC may be deemed to be the beneficial owner of, but hereby disclaims such beneficial ownership of, the foregoing shares.

F2: Immediately.

F3: None.

F4: On August 3, 2011, Vicis Capital Master Fund entered into a transaction with the Issuer whereby Vicis Capital Master Fund (i) converted 533.3737 shares of the Issuer's Series A-2 Convertible Preferred Stock into 1,333,435 shares of the Issuer's Common Stock at a conversion price of $3.00 per share; and (ii) exchanged 100 shares of the Issuer's Series B Preferred Stock for 100 shares of the Issuer's Series B-1 Preferred Stock pursuant to a reclassification by the Issuer.

F5: The number of shares of Common Stock reported as beneficially owned on this Form 4 takes into account the 1-for-4 reverse stock split effected by the Issuer on January 14, 2011. In connection with the reverse stock split, Vicis received 8,252,623 shares of Common Stock and cash in the amount of $3.15 in lieu of fractional shares.