Sec Form 4 Filing - NAHM TAE HEA @ MOBILEIRON, INC. - 2020-12-01

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
NAHM TAE HEA
2. Issuer Name and Ticker or Trading Symbol
MOBILEIRON, INC. [ MOBL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O STORM VENTURES, 3000 SANDHILL ROAD, SUITE 4-210
3. Date of Earliest Transaction (MM/DD/YY)
12/01/2020
(Street)
MENLO PARK, CA94025
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 12/01/2020 D 304,065 ( 1 ) ( 2 ) D $ 7.05 0 D
Common Stock 12/01/2020 D 9,131 ( 3 ) ( 4 ) D $ 7.05 0 I By Trust ( 5 )
Common Stock 12/01/2020 D 9,380,766 ( 6 ) D $ 7.05 0 I By Partnership ( 7 ) ( 8 )
Common Stock 12/01/2020 D 513,108 ( 9 ) D $ 7.05 0 I By Partnership ( 8 ) ( 10 )
Common Stock 12/01/2020 D 290,602 ( 11 ) D $ 7.05 0 I By Limited Liability Company ( 8 ) ( 12 )
Common Stock 12/01/2020 D 582,101 ( 13 ) D $ 7.05 0 I By Partnership ( 14 ) ( 15 )
Table II - Derivative Securities Acquired, Disp osed 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) $ 7.168 12/01/2020 D 19,285 ( 16 ) 03/27/2024 Common Stock 19,285 $ 0 ( 16 ) 0 D
Stock Option (Right to Buy) $ 6.31 12/01/2020 D 48,100 ( 17 ) 06/24/2025 Common Stock 48,100 $ 0.74 ( 17 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NAHM TAE HEA
C/O STORM VENTURES
3000 SANDHILL ROAD, SUITE 4-210
MENLO PARK, CA94025
X
Signatures
/s/ Kevin Melia, as attorney in fact 12/03/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents 304,065 shares of common stock that were disposed of at the effective time of the merger (the "Merger") contemplated by the merger agreement, dated as of September 26, 2020, by and between the Issuer, Ivanti, Inc. and Oahu Merger Sub, Inc. (the "Merger Agreement") in exchange for a cash payment of $7.05 per share. Certain of these securities were restricted stock units ("RSUs") that represented the Reporting Person's right to receive the Issuer's common stock. Pursuant to the Merger Agreement, the RSUs were subject to acceleration of vesting, cancelled and converted automatically into the right to receive a cash payment of $7.05 per share, subject to any required withholding of taxes.
( 2 )Includes 108,355 shares received on July 31, 2020 pursuant to pro-rata in-kind distributions completed by each of Storm Ventures Fund III, L.P, Storm Ventures Affiliates Fund III, L.P. and Storm Ventures Principals Fund III, L.L.C. of shares of common stock of the Issuer to their respective partners and members, as applicable.
( 3 )Represents 9,131 shares of common stock that were disposed of at the effective time of the Merger, contemplated by the Merger Agreement, in exchange for a cash payment of $7.05 per share.
( 4 )Represents shares received on July 31, 2020 pursuant to pro-rata in-kind distributions completed by each of Storm Ventures Fund III, L.P, Storm Ventures Affiliates Fund III, L.P. and Storm Ventures Principals Fund III, L.L.C. of shares of common stock of the Issuer to their respective partners and members, as applicable.
( 5 )Shares are held directly by Nahm Family Trust dated 9-23-99, of which Reporting Person is a trustee.
( 6 )Represents 9,380,766 shares of common stock that were disposed of at the effective time of the Merger, contemplated by the Merger Agreement, in exchange for a cash payment of $7.05 per share.
( 7 )The shares are held directly by Storm Ventures Fund III, L.P ("SV III").
( 8 )Storm Venture Associates III, L.L.C. ("SVA LLC") is the general partner of SV III and SVA III and the managing member of SVP III and, as such, may be deemed to have shared power to vote and dispose of the Issuer's shares of common stock held of record by each such fund. Ryan Floyd, M. Alex Mendez, Tae Hea Nahm and Sanjay Subhedar are the managing members of SVA LLC and, as such, may be deemed to have shared power to vote and dispose of the Issuer's shares of common stock held of record by each of SV III, SVA III and SVP III. Each of the managing members disclaims beneficial ownership of the shares reported herein, except to the extent of his respective pecuniary interest therein.
( 9 )Represents 513,108 shares of common stock that were disposed of at the effective time of the Merger, contemplated by the Merger Agreement, in exchange for a cash payment of $7.05 per share.
( 10 )The shares are held directly by Storm Ventures Affiliates Fund III, L.P. ("SVA III").
( 11 )Represents 290,602 shares of common stock that were disposed of at the effective time of the Merger, contemplated by the Merger Agreement, in exchange for a cash payment of $7.05 per share.
( 12 )The shares are held directly by Storm Ventures Principals Fund III, L.L.C. ("SVP III").
( 13 )Represents 582,101 shares of common stock that were disposed of at the effective time of the Merger, contemplated by the Merger Agreement, in exchange for a cash payment of $7.05 per share.
( 14 )Storm Venture Associates IV, L.L.C. ("SVA IV") is the general partner of Storm Ventures Fund IV, L.P. ("SV IV") and, as such, may be deemed to have shared power to vote and dispose of the Issuer's shares of common stock held of record by each such fund. Ryan Floyd, M. Alex Mendez, Tae Hea Nahm and Sanjay Subhedar are the managing members of SVA IV and, as such, may be deemed to have shared power to vote and dispose of the Issuer's shares of common stock held of record by SV IV. Each of the managing members disclaims beneficial ownership of the shares reported herein, except to the extent of his respective pecuniary interest therein.
( 15 )The shares are held directly by SV IV.
( 16 )This option vested on the first anniversary of the vesting commencement date, subject to continued service. Vesting commenced on, and was subject to, closing of a "Qualified IPO" as defined in the Company's Amended and Restated Certificate of Incorporation (the "vesting commencement date") that occurred on or before February 27, 2016. This option was cancelled pursuant to the Merger Agreement for no consideration.
( 17 )This option, which vested upon the earlier of (i) the date of Issuer's 2016 annual meeting of stockholders or (ii) one year from the date of grant, subject to continued service on each such monthly anniversary, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $35,594, representing the difference between the per share exercise price of the option and the $7.05 per share merger consideration.

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