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Oblong, Inc. Director's Dealing 2013

Mar 27, 2013

35367_dirs_2013-03-27_7092c6dc-a390-4d17-877b-f55ef7dc99ad.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: 2013-03-25

Reporting Person: Clark David C (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-03-25 Common Stock A 100000 Acquired 100000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-03-25 Stock Option (right to buy) $1.51 A 100000 Acquired 2023-03-25 Common Stock (100000) Direct

Footnotes

F1: These shares of restricted stock were granted in connection with the reporting person's appointment as Chief Financial Officer of the issuer and without payment of consideration pursuant to the issuer's 2007 Stock Incentive Plan. These shares will vest as 25% on the first anniversary of the grant date, with the remainder vesting in equal monthly installments for 36 months on the monthly anniversary of the grant date. Vesting will accelerate in the event of the issuer's Change of Control or Corporate Transaction (each as defined in the issuer's 2007 Stock Incentive Plan).

F2: These options were granted in connection with the reporting person's appointment as Chief Financial Officer of the issuer and without payment of consideration pursuant to the issuer's 2007 Stock Incentive Plan. These options will vest as to 25% on the first anniversary of the grant date, with the remainder vesting in equal monthly installments for 36 months on the monthly anniversary of the grant date. Vesting will accelerate in the event of the issuer's Change of Control or Corporate Transaction (each as defined in the issuer's 2007 Stock Incentive Plan).