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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 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 (Month/Day/Year) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option to purchase | $ 3.4 | 04/27/2010 | A | 30,000 | (2) | 04/27/2020 | Common Stock | 30,000 | (2) | 146,576 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Schneider Keith J 2002 SUMMIT BOULEVARD SUITE 1800 ATLANTA, GA 30319 |
President of Networkfleet, Inc |
Robert C. Lewis, Attorney-in-Fact for Keith J. Schneider | 05/06/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On April 27, 2010, HUGHES Telematics, Inc. (the "Company") granted shares of the Company's common stock to the reporting person under the 2009 Equity and Incentive Plan (the "Plan") for no additional consideration. Such shares may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by the reporting person until they vest and become transferable. 50% of such shares vest and become transferable on April 27, 2011 and 50% of such shares vest and become transferable on April 27, 2012. |
(2) | On April 27, 2010, the Company granted an option to purchase shares of the Company's common stock at the fair market value of such shares as of the date thereof to the reporting person under the Plan for no additional consideration. The option becomes exercisable as follows: (i) 15,000 shares on April 27, 2012, (ii) 7,500 shares on April 27, 2013 and (iii) 7,500 shares on April 27, 2014. |