Sec Form 4 Filing - Leichtner Scott @ GLU MOBILE INC - 2014-02-27

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Leichtner Scott
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)
VP AND GENERAL COUNSEL
(Last) (First) (Middle)
C/O GLU MOBILE INC., 500 HOWARD STREET, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
02/27/2014
(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 02/27/2014 S 33,821 D $ 5 ( 1 ) 20,081 ( 2 ) D
Common Stock 02/27/2014 M 20,000 A $ 0.99 40,081 D
Common Stock 02/27/2014 S 20,000 D $ 5 ( 3 ) 20,081 D
Common Stock 02/27/2014 M 20,000 A $ 1.19 40,081 D
Common Stock 02/27/2014 S 20,000 D $ 5.08 ( 4 ) 20,081 D
Common Stock 02/28/2014 M 8,750 A $ 1.19 28,831 D
Common Stock 02/28/2014 S 8,750 D $ 5.152 20,081 D
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) $ 0.99 02/27/2014 M 20,000 ( 5 ) 07/14/2015 Common Stock 20,000 $ 0 0 D
Stock Option (right to buy) $ 1.19 02/27/2014 M 20,000 ( 6 ) 04/13/2016 Common Stock 20,000 $ 0 10,000 D
Stock Option (right to buy) $ 1.19 02/28/2014 M 8,750 ( 6 ) 04/13/2016 Common Stock 8,750 $ 0 1,250 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Leichtner Scott
C/O GLU MOBILE INC.
500 HOWARD STREET, SUITE 300
SAN FRANCISCO, CA94105
VP AND GENERAL COUNSEL
Signatures
/s/ Scott J. Leichtner 02/28/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents a weighted average, as this transaction was executed in two trades as follows: 33,621 shares sold at a price of $5.00 and 200 shares sold at a price of $5.005.
( 2 )In a Form 3 filed on April 11, 2012, Mr. Leichtner reported that he beneficially owned 28,715 shares of the common stock of Glu Mobile Inc. ("Glu"). Mr. Leichtner subsequently acquired 5,106 shares of Glu on August 21, 2012, 9,469 shares on August 21, 2013 and 10,612 shares on February 21, 2014, all pursuant to Glu's 2007 Employee Stock Purchase Plan, which purchases were exempt from reporting under Rule 16b-3(c) promulgated under the Securities Exchange Act of 1934, as amended. The amount of securities beneficially owned by Mr. Leichtner following this transaction takes into account these purchases.
( 3 )Represents a weighted average, as this transaction was executed in two trades as follows: 18,900 shares sold at a price of $5.00 and 1,100 shares sold at a price of $5.005.
( 4 )Represents a weighted average, as this transaction was executed in two trades as follows: 19,900 shares sold at a price of $5.08 and 100 shares sold at a price of $5.085.
( 5 )This option vested and became exercisable over four years, with 25% of the underlying shares having vested and become exercisable on June 30, 2010, with the remaining underlying shares having vested and become exercisable in equal monthly installments over the following three years, such that the option fully vested on June 30, 2013.
( 6 )This option vests and becomes exercisable over four years, with 25% of the underlying shares having vested and become exercisable on April 13, 2011, with the remaining underlying shares vesting and becoming exercisable in equal monthly installments over the following three years, such that the option fully vests on April 13, 2014.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.