FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
GLU MOBILE INC [ GLUU ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/18/2009 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 09/18/2009 | M | 60,000 | A | $0.75 | 60,000 | D | |||
Common Stock | 09/18/2009 | S(1) | 60,000 | D | $1.134(2) | 0 | D | |||
Common Stock | 310,586 | I | Held in trust(3) | |||||||
Common Stock | 75,000 | I | Held in trust(4) | |||||||
Common Stock | 26,688 | I | Custodian for minor children(5) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (right to buy) | $0.75 | 09/18/2009 | M | 60,000 | 11/03/2004(6) | 11/03/2009(7) | Common Stock | 166,666 | $0.00 | 106,666 | D |
Explanation of Responses: |
1. These sales were effected pursuant to a previously entered into trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934. |
2. Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $1.13 to $1.16. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. |
3. These shares are held by L. Gregory Ballard and Lucy H. Ballard Revocable Trust U/A/D October 26, 1996, of which Mr. Ballard is a Co-Trustee. |
4. These shares are held in the L. Gregory Ballard & Lucy H. Ballard Trustees for the Ballard Family GRAT. |
5. These shares are held in custodial accounts for Mr. Ballard's minor children. |
6. This option was immediately exercisable and vested monthly over a four-year period. |
7. This option is scheduled to expire during a closed trading window under Glu Mobile Inc.'s Insider Trading Policy. In order to ensure that this in-the-money option does not expire unexercised, Mr. Ballard entered into a Rule 10b5-1 trading plan during the most recent open trading window in August 2009 in order to facilitate the sale of 140,000 of the 166,666 shares subject to this option. Mr. Ballard expects to exercise and sell the remaining 80,000 shares covered by his Rule 10b5-1 trading plan during October 2009. |
Remarks: |
/s/ L. Gregory Ballard by Kevin S. Chou, Attorney-in-Fact | 09/22/2009 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |