Marguerite M. Elias - Mar 10, 2022 Form 4 Insider Report for Gogo Inc. (GOGO)

Role
EVP, Gen Counsel and Secy
Signature
Marguerite M. Elias
Stock symbol
GOGO
Transactions as of
Mar 10, 2022
Transactions value $
-$60,747
Form type
4
Date filed
3/14/2022, 11:21 AM
Previous filing
Feb 22, 2022
Next filing
Mar 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GOGO Common Stock Options Exercise +11.7K +18.9% 73.5K Mar 10, 2022 Direct F1
transaction GOGO Common Stock Tax liability -$60.7K -3.54K -4.81% $17.17 70K Mar 10, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GOGO Restricted Stock Units Options Exercise $0 -8.76K -50% $0.00 8.76K Mar 10, 2022 Common Stock 8.76K Direct F1, F2
transaction GOGO Performance Restricted Stock Units Options Exercise $0 -2.93K -50% $0.00 2.93K Mar 10, 2022 Common Stock 2.93K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On March 10, 2019, the reporting person was granted 35,050 restricted stock units, vesting in four equal annual installments on the first four anniversaries of March 10, 2019, subject to continued employment with the Company.
F3 Following the elimination of the performance conditions for these restricted stock units by the Compensation Committee of the Company, these restricted stock units provided for vesting in four annual installments beginning on the first anniversary of March 10, 2019, subject to continued employment with the Company.