Wastie Steven 4

4 · IPASS INC · Filed Dec 22, 2010

Insider Transaction Report

Form 4

Period: 2010-12-21

IPASS INCIPAS

Wastie Steven

SVP Marketing and Strategy

Transactions

Disposition to Issuer
Stock Option (Right to Buy)
2010-12-21−268→ 0 total
Exercise: $0.95From: 2010-12-21Exp: 2019-06-22→ Common Stock (268 underlying)
Award
Stock Option (Right to Buy)
2010-12-21+268→ 268 total
Exercise: $0.90From: 2010-12-21Exp: 2019-06-22→ Common stock (268 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2010-12-21−200,000→ 0 total
Exercise: $1.11From: 2010-12-21Exp: 2020-01-28→ Common Stock (200,000 underlying)
Award
Stock Option (Right to Buy)
2010-12-21+1,604→ 1,604 total
Exercise: $1.17From: 2010-12-21Exp: 2020-01-28→ Common Stock (1,604 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2010-12-21−3,418→ 0 total
Exercise: $0.95From: 2010-12-21Exp: 2019-06-22→ Common Stock (3,418 underlying)
Award
Stock Option (Right to Buy)
2010-12-21+54→ 54 total
Exercise: $1.17From: 2010-12-21Exp: 2019-06-22→ Common Stock (54 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2010-12-21−200,000→ 0 total
Exercise: $1.34From: 2010-12-21Exp: 2019-08-14→ Common Stock (200,000 underlying)
Award
Stock Option (Right to Buy)
2010-12-21+3,418→ 3,418 total
Exercise: $0.90From: 2010-12-21Exp: 2019-06-22→ Common Stock (3,418 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2010-12-21−10,465→ 0 total
Exercise: $1.24From: 2010-12-21Exp: 2019-06-22→ Common Stock (10,465 underlying)
Award
Stock Option (Right to Buy)
2010-12-21+10,465→ 10,465 total
Exercise: $1.17From: 2010-12-21Exp: 2019-06-22→ Common Stock (10,465 underlying)
Award
Stock Option (Right to Buy)
2010-12-21+200,000→ 200,000 total
Exercise: $1.26From: 2010-12-21Exp: 2019-08-14→ Common Stock (200,000 underlying)
Award
Stock Option (Right to Buy)
2010-12-21+200,000→ 200,000 total
Exercise: $1.05From: 2010-12-21Exp: 2020-01-28→ Common Stock (200,000 underlying)

Footnotes (2)

[F1]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The amendemnt of the option was made in connection with a $0.07/share special dividend payable to stockholders of record as of November 18, 2010. The replacement option has the same vesting schedule as the "old" option.
[F2]The grant was made in connection with a $0.07/share special dividend payable to stockholders of record as of Novermber 18, 2010. The shares were granted with the same vesting schedule as the corresponding replacement option grant.

Documents

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doc4.xmlPrimary
FORM 4 SUBMISSION