RATCLIFFE CATHERINE F 4
4 · NOVATEL WIRELESS INC · Filed Jul 2, 2012
Insider Transaction Report
Form 4
RATCLIFFE CATHERINE F
SVP Business Affairs
Transactions
- Exercise/Conversion
Restricted Stock Units
2012-07-01−20,529→ 112,711 total→ Common Stock (20,529 underlying) - Exercise/Conversion
Common Stock
2012-07-01+20,529→ 84,249 total - Tax Payment
Common Stock
2012-07-01$2.49/sh−7,530$18,750→ 76,719 total
Footnotes (5)
- [F1]Reflects partial vesting of Restricted Stock Units (RSU's) previously awarded to the Reporting Person.
- [F2]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.
- [F3]Includes 7,353 shares acquired on May 15, 2012 under the issuers Employee Stock Purchase Plan.
- [F4]Converts into Common Stock on a one-for-one basis.
- [F5]These RSU's vest one-third annually beginning on the first anniversary of the award date.