Byron Marc V 4
4 · HUGHES Telematics, Inc. · Filed Jun 15, 2012
Insider Transaction Report
Form 4
Byron Marc V
Director
Transactions
- Sale
Common Stock
2012-06-14$11.85/sh−621,293$7,362,260→ 0 total(indirect: By LLC)
Holdings
- 36,000
Common Stock
- 333,026(indirect: By LLC)
Common Stock
Exercise: $0.00Exp: 2014-03-31→ Common Stock (333,026 underlying) - 105,050(indirect: By LLC)
Common Stock
- 241,893(indirect: By LLC)
Common Stock
Exercise: $0.00Exp: 2014-03-31→ Common Stock (241,893 underlying)
Footnotes (4)
- [F1]Mr. Byron controls Byron Business Ventures XX, LLC.
- [F2]Mr. Byron has a pecuniary interest in the shares of common stock held by Trivergance, LLC.
- [F3]Shares of common stock held in escrow to be released to the Reporting Person if the trading price of the Company's common stock equals or exceeds $20.00 per share for any 20 trading days within a 30 trading-day period prior to March 31, 2014.
- [F4]Shares of common stock held in escrow to be released to the Reporting Person in three tranches as follows: (i) the first tranche of 40% of such shares will be released if the trading price of the Company's common stock equals or exceeds $20.00 per share for any 20 trading days within a 30 trading-day period prior to March 31, 2014; (ii) the second tranche of 30% of such shares will be released if the trading price of the Company's common stock equals or exceeds $24.50 per share for any 20 trading days within a 30 trading-day period prior to March 31, 2014; and the third tranche of 30% of such shares will be released if the trading price of the Company's common stock equals or exceeds $30.50 per share for any 20 trading days within a 30 trading-day period prior to March 31, 2014.