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Filing Details

Accession Number:: 0000950142-19-001553
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-07-12 17:01:32
Reporting Period:: 2019-07-10

Accepted Time:: 2019-07-12 17:01:32
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1022652	Inseego Corp.	INSG	Communications Equipment, Nec (3669)	813377646

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1633979	North Sound Trading, Lp	115 East Putnam Avenue Greenwich CT 06830	Yes	No	No	No
1749646	North Sound Management, Inc.	115 East Putnam Avenue Greenwich CT 06830	Yes	No	No	No
1749976	Brian Miller	115 East Putnam Avenue Greenwich CT 06830	Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2019-07-10	3,900,000	$4.80	6,401,995	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Convertible Note	Acquisiton	2019-07-10	0	$33,073,967.50	0	$4.70

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	P	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	60,083	Direct

Footnotes

The shares and convertible notes are owned directly by North Sound Trading, LP, a Delaware partnership ("North Sound Trading"). Mr. Miller is the sole shareholder of North Sound Management, Inc., a Delaware corporation ("North Sound Management"), which in turn is the general partner of North Sound Trading. Mr. Miller and North Sound Management may be deemed to indirectly own the shares and convertible notes directly owned by North Sound Trading. Each of North Sound Trading and North Sound Management is deemed a director by deputization by virtue of their relationship with Mr. Miller, a director of the Issuer.
Of the 60,083 restricted stock units, 42,521 restricted stock units are scheduled to vest over a three-year period, with one-third vesting on each anniversary of the grant date through the third anniversary of the grant date. The remaining 17,562 restricted stock units are scheduled to vest in full on the first anniversary of the grant date.
The restricted stock units convert into common stock on a one-for-one basis.
The restricted stock units are owned directly by Brian Miller.
The convertible note will mature on June 15, 2022, unless earlier converted, redeemed or repurchased. The convertible note is convertible into cash, shares of the Issuer's common stock, or a combination thereof, at the Issuer's election, at an initial conversion price of $4.70 per share of common stock, which is subject to adjustment. The convertible note may be converted by the holder in whole or in part at any time prior to the close of business on the business day immediately preceding December 15, 2021, but subject to certain conditions.