Gogo Inc. 4
4 · Gogo Inc. · Filed Mar 16, 2017
Insider Transaction Report
Form 4
Gogo Inc.GOGO
SMALL MICHAEL
DirectorPresident & CEO
Transactions
- Award
Common Stock
2017-03-14+10,000→ 304,832 total - Award
Options (Right to Buy)
2017-03-14+100,000→ 100,000 totalExercise: $11.96Exp: 2027-03-14→ Common Stock (100,000 underlying) - Award
Performance Options (Right to Buy)
2017-03-14+81,870→ 81,870 totalExercise: $11.96Exp: 2027-03-14→ Common Stock (81,870 underlying) - Award
Performance Restricted Stock Units
2017-03-14+10,430→ 10,430 total→ Common Stock (10,430 underlying)
Footnotes (5)
- [F1]Includes restricted shares.
- [F2]These options were granted on March 14, 2017 and are scheduled to vest and become exercisable in four equal annual installments on the first four anniversaries of the grant date, subject to continued employment with the Company.
- [F3]The performance options vest and become exercisable when they have both time vested and performance vested as follows: (i) the performance options time vest in equal annual installments on the first four anniversaries of March 14, 2017 and (ii) the performance options performance vest at such time, if any, as the per share closing price of Gogo common stock on the NASDAQ market during the period beginning on the grant date and ending on the fourth anniversary of March 14, 2017 equals or exceeds $25 for a period of 30 consecutive trading days. Any performance option that has not performance vested by March 14, 2021 shall be forfeited.
- [F4]Each performance restricted stock unit represents the contingent right to receive one share of the Company's common stock or its equivalent value in cash.
- [F5]The performance restricted stock units vest and are settled when they have both time vested and performance vested as follows: (i) the performance restricted stock units time vest in equal annual installments on the first four anniversaries of March 14, 2017 and (ii) the performance restricted stock units performance vest at such time, if any, as the per share closing price of Gogo common stock on the NASDAQ market during the period beginning on the grant date and ending on the fourth anniversary of March 14, 2017 equals or exceeds $25 for a period of 30 consecutive trading days. Any performance restricted stock unit that has not performance vested by March 14, 2021 shall be forfeited.