Sec Form 4 Filing - IYER KAL @ GLU MOBILE INC - 2012-03-22

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
IYER KAL
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)
Sr. VP, Research & Development
(Last) (First) (Middle)
C/O GLU MOBILE INC., 45 FREMONT STREET, SUITE 2800
3. Date of Earliest Transaction (MM/DD/YY)
03/22/2012
(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 03/22/2012 M( 1 ) 17,187 A $ 0.711 21,770 D
Common Stock 03/22/2012 M( 1 ) 2,962 A $ 0.78 24,732 D
Common Stock 03/22/2012 M( 1 ) 2,962 A $ 0.78 27,694 D
Common Stock 03/22/2012 M( 1 ) 80 A $ 0.78 27,774 D
Common Stock 03/22/2012 M( 1 ) 5,845 A $ 0.78 33,619 D
Common Stock 03/22/2012 M( 1 ) 3,648 A $ 0.78 37,267 D
Common Stock 03/22/2012 M( 1 ) 15,000 A $ 1.0648 52,267 D
Common Stock 03/22/2012 M( 1 ) 43,750 A $ 1.19 96,017 D
Common Stock 03/22/2012 S( 1 ) 96,017 D $ 4.1177 ( 2 ) 0 D
Common Stock 03/23/2012 M( 1 ) 46,875 A $ 1.3 46,875 D
Common Stock 03/23/2012 M( 1 ) 33,853 A $ 1.77 80,728 D
Common Stock 03/23/2012 M( 1 ) 28,645 A $ 2.03 109,373 D
Common Stock 03/23/2012 S( 1 ) 109,373 D $ 4.3396 ( 3 ) 0 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) $ 0.711 03/22/2012 M 17,187 ( 4 ) 04/14/2015 Common Stock 25,000 $ 0 7,813 D
Stock Option (right to buy) $ 0.78 03/22/2012 M 2,962 ( 5 ) 05/21/2015 Common Stock 3,333 $ 0 371 D
Stock Option (right to buy) $ 0.78 03/22/2012 M 2,962 ( 5 ) 05/21/2015 Common Stock 3,333 $ 0 371 D
Stock Option (right to buy) $ 0.78 03/22/2012 M 80 ( 5 ) 05/21/2015 Common Stock 90 $ 0 10 D
Stock Option (right to buy) $ 0.78 03/22/2012 M 5,845 ( 5 ) 05/21/2015 Common Stock 6,576 $ 0 731 D
Stock Option (right to buy) $ 0.78 03/22/2012 M 3,648 ( 5 ) 05/21/2015 Common Stock 4,104 $ 0 456 D
Stock Option (right to buy) $ 1.0648 03/22/2012 M 15,000 ( 6 ) 12/16/2015 Common Stock 15,000 $ 0 0 D
Stock Option (right to buy) $ 1.19 03/22/2012 M 43,750 ( 7 ) 04/13/2016 Common Stock 100,000 $ 0 56,250 D
Stock Option (right to buy) $ 1.3 03/23/2012 M 46,875 ( 8 ) 07/15/2016 Common Stock 125,000 $ 0 78,125 D
Stock Option (right to buy) $ 1.77 03/23/2012 M 33,853 ( 9 ) 10/21/2016 Common Stock 108,333 $ 0 74,480 D
Stock Option (right to buy) $ 2.03 03/23/2012 M 28,645 ( 10 ) 01/03/2017 Common Stock 91,667 $ 0 63,022 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
IYER KAL
C/O GLU MOBILE INC.
45 FREMONT STREET, SUITE 2800
SAN FRANCISCO, CA94105
Sr. VP, Research & Development
Signatures
/s/ Kal Iyer 03/23/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The stock option exercises and the sales of the underlying option shares were effected pursuant to a trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934 that Mr. Iyer entered into on February 15, 2012. All of the shares covered by Mr. Iyer's Rule 10b5-1 plan have been sold and, accordingly, Mr. Iyer's Rule 10b5-1 plan has terminated in accordance with its terms.
( 2 )Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $4.00 to $4.245. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
( 3 )Represents a weighted average price, as this transaction was executed in multiple trades at prices ranging from $4.30 to $4.42. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
( 4 )The option vests and becomes exercisable over four years, with 25% of the underlying shares having vested and become exercisable on April 14, 2010, the first anniversary of the grant date, and the remaining underlying shares vesting and becoming exercisable in equal monthly installments over the following three years.
( 5 )The option was granted on May 21, 2009 and vests and becomes exercisable in equal monthly installments over three years.
( 6 )The option vested and became exercisable with respect to 100% of the underlying shares on December 16, 2010.
( 7 )The option vests and becomes exercisable over four years, with 25% of the underlying shares having vested and become exercisable on April 13, 2011, the first anniversary of the grant date, and the remaining underlying shares vesting and becoming exercisable in equal monthly installments over the following three years.
( 8 )The option vests and becomes exercisable over four years, with 25% of the underlying shares having vested and become exercisable on July 15, 2011, the first anniversary of the grant date, and the remaining underlying shares vesting and becoming exercisable in equal monthly installments over the following three years.
( 9 )The option vests and becomes exercisable over four years, with 25% of the underlying shares having vested and become exercisable on October 20, 2011, the first anniversary of the grant date, and the remaining underlying shares vesting and becoming exercisable in equal monthly installments over the following three years.
( 10 )The option vested and became exercisable with respect to 25% of the underlying shares on October 21, 2011 and the remaining underlying shares vest and become exercisable in equal monthly installments over the following three years.

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