Filing Details

Accession Number:
0001053374-19-000003
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-02-21 14:37:22
Reporting Period:
2019-02-12
Accepted Time:
2019-02-21 14:37:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1053374 Ipass Inc IPAS Services-Computer Processing & Data Preparation (7374) 931214598
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1566525 Darin Vickery 3800 Bridge Parkway
Redwood Shores CA 94065
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2019-02-12 20,410 $3.13 33,626 No 4 S Direct
Common Stock Disposition 2019-02-12 33,626 $0.00 0 No 4 U Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 U Direct
Footnotes
  1. This constitutes the sale of shares of common stock for statutory tax 50,00 Restricted Stock Awards were granted on March 31, 2018; 100% of the shares were released on February 12, 2019 pursuant to the Agreement and Plan of Merger dated as of November 12, 2018 (the "Merger Agreement"), by and among iPass, Inc. ("iPass") and Pareteum the Purchaser.
  2. On August 23, 2018, iPass, Inc. effected a 1-for-10 reverse stock split (the "Reverse Split"). Accordingly, the number of shares of common stock on a pre-Reverse Split basis were adjusted to following the Reverse Split (with fractional shares rounded down to the next whole number). Included in this post-split number is 500 shares of Employee Stock Purchase Plan, purchased as of April 30, 2018 and October 31, 2018, respectively.
  3. Disposed of pursuant to Merger Agreement between Issuer and Pareteum in exchange for 1.17 shares of Pareteum common stock having a market value of $2.90 per share on the Effective Date of the Merger.