X0304 4 2012-03-08 0 0001022652 NOVATEL WIRELESS INC NVTL 0001201621 LEPARULO PETER V 9645 SCRANTON ROAD SUITE 205 SAN DIEGO CA 92121 1 1 0 0 Chairman and CEO Common Stock 2012-03-11 4 M 0 24601 0 A 277870 D Common Stock 2012-03-11 4 F 0 9498 3.33 D 268372 D Non-Qualified Stock Option (right to buy) 3.44 2012-03-08 4 A 0 56513 0 A 2022-03-08 Common Stock 56513 56513 D Restricted Stock Units 2012-03-08 4 A 0 150549 0 A Common Stock 150549 350300 D Restricted Stock Units 2012-03-11 4 M 0 24601 0 D Common Stock 24601 325699 D Reflects partial vesting of Restricted Stock Units (RSU's) previously awarded to the Reporting Person. Automatic disposition of shares back to Issuer (and subsequent cancellation thereof) solely to satisfy immediate payroll tax withholding obligation triggered by the vesting of restricted stock. The Reporting Person received no proceeds from this transaction. This option shall vest over three (3) years, one-third of which shall vest on the one-year anniversary of the grant date, followed by 24 months of ratable monthly vesting. Converts into Common Stock on a one-for-one basis. These RSU's vest one-third annually beginning on the first anniversary of the award date. These Restricted Stock Units vest on the transacion date. By: Patrick T. Waters For: Peter V. Leparulo 2012-03-12