Sec Form 4 Filing - Ludwig Eric R @ GLU MOBILE INC - 2016-07-28

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Ludwig Eric R
2. Issuer Name and Ticker or Trading Symbol
GLU MOBILE INC [ GLUU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, COO and CFO
(Last) (First) (Middle)
C/O GLU MOBILE INC., 500 HOWARD STREET, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
07/28/2016
(Street)
SAN FRANCISCO, CA94105
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 07/28/2016 M 8,334 A $ 1.77 65,334 D
Common Stock 07/28/2016 F( 1 ) 6,277 D $ 2.35 59,057 D
Common Stock 07/28/2016 F( 2 ) 774 D $ 2.35 58,283 D
Common Stock 07/28/2016 M 19,804 A $ 2.03 78,087 D
Common Stock 07/28/2016 F( 3 ) 17,107 D $ 2.35 60,980 D
Common Stock 07/28/2016 F( 2 ) 1,014 D $ 2.35 59,966 D
Common Stock 133,127 I Trust ( 5 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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) $ 1.77 07/28/2016 M 8,334 ( 4 ) 10/21/2016 Common Stock 8,334 $ 0 0 D
Stock Option (right to buy) $ 2.03 07/28/2016 M 19,804 ( 4 ) 01/03/2017 Common Stock 19,804 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ludwig Eric R
C/O GLU MOBILE INC.
500 HOWARD STREET, SUITE 300
SAN FRANCISCO, CA94105
EVP, COO and CFO
Signatures
/s/ Eric R. Ludwig 07/29/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. These shares were withheld and cancelled by Glu Mobile Inc. ("Glu") at the market price of $2.35 per share less the exercise price of $1.77 to fund the cashless exercise of 8,334 options owned by Mr. Ludwig, which cashless exercise was approved by the board of directors of Glu.
( 2 )Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. These shares were relinquished by Mr. Ludwig and cancelled by Glu in exchange for Glu's agreement to pay federal and state tax withholding obligations of Mr. Ludwig resulting from the exercise of these options. Mr. Ludwig did not sell or otherwise dispose of any of these shares reported for any reason other than to cover required taxes.
( 3 )Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. These shares were withheld and cancelled by Glu at the market price of $2.35 per share less the exercise price of $2.03 to fund the cashless exercise of 19,804 options owned by Mr. Ludwig, which cashless exercise was approved by the board of directors of Glu.
( 4 )The option vested and became exercisable over four years with 25% of the shares vesting and becoming exercisable on October 21, 2011 and the remaining shares vesting and becoming exercisable in equal monthly installments over the following three years, such that the option was fully vested on October 21, 2014.
( 5 )These shares are held by the Ludwig McKillop Trust, of which the reporting person and his wife, Mary Elizabeth McKillop, are the co-trustees.

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