Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
Glu Mobile Inc. |
(Name of Issuer)
Common Stock |
(Title of Class of Securities)
379890106 |
(CUSIP Number)
Becker Drapkin Management, L.P.
Attn: Steven R. Becker
500 Crescent Court, Suite 230
Dallas, Texas 75201
(214) 756-6016
with a copy to:
Taylor H. Wilson
Haynes and Boone, LLP
2323 Victory Avenue, Suite 700
Dallas, Texas 75219
(214) 651-5615
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 9, 2012 |
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 379890106 |
1. |
Names of Reporting Persons
Becker Drapkin Management, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) x (b) ¨
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
AF | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
| |||||
6. | Citizenship or Place of Organization
Texas | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
2,306,200 (1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
2,306,200 (1) | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,306,200 (1) | |||||
12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
| |||||
13. |
Percent of Class Represented by Amount in Row (11)
3.5% | |||||
14. |
Type of Reporting Person (See Instructions)
IA, PN |
(1) | Includes 1,335,000 shares that Becker Drapkin Partners (QP), L.P. and 165,000 shares that Becker Drapkin Partners, L.P. have the right to acquire within 60 days pursuant to warrants to purchase shares of common stock of the issuer. Becker Drapkin Management, L.P. is the general partner of, and may be deemed to indirectly beneficially own securities owned by, each of Becker Drapkin Partners (QP), L.P. and Becker Drapkin Partners, L.P. |
CUSIP No. 379890106 |
1. |
Names of Reporting Persons
Becker Drapkin Partners (QP), L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) x (b) ¨
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
WC | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
| |||||
6. | Citizenship or Place of Organization
Texas | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
2,052,864 (1) | ||||
8. | Shared Voting Power
0 | |||||
9. | Sole Dispositive Power
2,052,864 (1) | |||||
10. | Shared Dispositive Power
0 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,052,864 (1) | |||||
12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
| |||||
13. |
Percent of Class Represented by Amount in Row (11)
3.1% | |||||
14. |
Type of Reporting Person (See Instructions)
PN |
(1) | Includes 1,335,000 shares of common stock that Becker Drapkin Partners (QP), L.P. has the right to acquire within 60 days pursuant to a warrant to purchase shares of common stock of the issuer. |
CUSIP No. 379890106 |
1. |
Names of Reporting Persons
Becker Drapkin Partners, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) x (b) ¨
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
WC | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
| |||||
6. | Citizenship or Place of Organization
Texas | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
253,336 (1) | ||||
8. | Shared Voting Power
0 | |||||
9. | Sole Dispositive Power
253,336 (1) | |||||
10. | Shared Dispositive Power
0 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
253,336 (1) | |||||
12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
| |||||
13. |
Percent of Class Represented by Amount in Row (11)
0.4% | |||||
14. |
Type of Reporting Person (See Instructions)
PN |
(1) | Includes 165,000 shares of common stock that Becker Drapkin Partners, L.P. has the right to acquire within 60 days pursuant to a warrant to purchase shares of common stock of the issuer. |
CUSIP No. 379890106 |
1. |
Names of Reporting Persons
BC Advisors, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) x (b) ¨
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
AF | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
| |||||
6. | Citizenship or Place of Organization
Texas | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
2,306,200 (1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
2,306,200 (1) | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,306,200 (1) | |||||
12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
| |||||
13. |
Percent of Class Represented by Amount in Row (11)
3.5% | |||||
14. |
Type of Reporting Person (See Instructions)
OO |
(1) | Includes 1,335,000 shares that Becker Drapkin Partners (QP), L.P. and 165,000 shares that Becker Drapkin Partners, L.P. have the right to acquire within 60 days pursuant to warrants to purchase shares of common stock of the issuer. Becker Drapkin Management, L.P. is the general partner of, and may be deemed to indirectly beneficially own securities owned by, each of Becker Drapkin Partners (QP), L.P. and Becker Drapkin Partners, L.P. BC Advisors, LLC is the general partner of, and may be deemed to indirectly beneficially own securities owned by, Becker Drapkin Management, L.P. |
CUSIP No. 379890106 |
1. |
Names of Reporting Persons
Steven R. Becker | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) x (b) ¨
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
AF, WC | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
| |||||
6. | Citizenship or Place of Organization
United States | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
100,000 (1) | ||||
8. | Shared Voting Power
2,306,200 (2) | |||||
9. | Sole Dispositive Power
100,000 (1) | |||||
10. | Shared Dispositive Power
2,306,200 (2) | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,406,200 (1)(2) | |||||
12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
| |||||
13. |
Percent of Class Represented by Amount in Row (11)
3.6% | |||||
14. |
Type of Reporting Person (See Instructions)
IN, HC |
(1) | Includes 100,000 shares of common stock that Mr. Becker has the right to acquire within 60 days pursuant to a warrant to purchase shares of common stock of the issuer. |
(2) | Includes 1,335,000 shares that Becker Drapkin Partners (QP), L.P. and 165,000 shares that Becker Drapkin Partners, L.P. have the right to acquire within 60 days pursuant to warrants to purchase shares of common stock of the issuer. Becker Drapkin Management, L.P. is the general partner of, and may be deemed to indirectly beneficially own securities owned by, each of Becker Drapkin Partners (QP), L.P. and Becker Drapkin Partners, L.P. BC Advisors, LLC is the general partner of, and may be deemed to indirectly beneficially own securities owned by, Becker Drapkin Management, L.P. Mr. Becker is a co-managing member of, and may be deemed to indirectly beneficially own securities owned by, BC Advisors, LLC. |
CUSIP No. 379890106 |
1. |
Names of Reporting Persons
Matthew A. Drapkin | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) x (b) ¨
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
AF, OO, WC | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
| |||||
6. | Citizenship or Place of Organization
United States | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
215,000 (1)(2) | ||||
8. | Shared Voting Power
2,306,200 (3) | |||||
9. | Sole Dispositive Power
215,000 (1)(2) | |||||
10. | Shared Dispositive Power
2,306,200 (3) | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,521,200 (1)(2)(3) | |||||
12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
| |||||
13. |
Percent of Class Represented by Amount in Row (11)
3.8% | |||||
14. |
Type of Reporting Person (See Instructions)
IN, HC |
(1) | Includes 100,000 shares of common stock that Mr. Drapkin has the right to acquire within 60 days pursuant to warrants to purchase shares of common stock of the issuer. |
(2) | Includes 115,000 shares of common stock that Mr. Drapkin has the right to acquire within 60 days pursuant to stock options to purchase shares of common stock of the issuer. |
(3) | Includes 1,335,000 shares that Becker Drapkin Partners (QP), L.P. and 165,000 shares that Becker Drapkin Partners, L.P. have the right to acquire within 60 days pursuant to warrants to purchase shares of common stock of the issuer. Becker Drapkin Management, L.P. is the general partner of, and may be deemed to indirectly beneficially own securities owned by, each of Becker Drapkin Partners (QP), L.P. and Becker Drapkin Partners, L.P. BC Advisors, LLC is the general partner of, and may be deemed to indirectly beneficially own securities owned by, Becker Drapkin Management, L.P. Mr. Drapkin is a co-managing member of, and may be deemed to indirectly beneficially own securities owned by, BC Advisors, LLC. |
This Amendment No. 8 to Schedule 13D (this Amendment No. 8) is filed by and on behalf of each of the Reporting Persons to amend the Schedule 13D related to the Common Stock of the Issuer previously filed by the Reporting Persons with the Securities and Exchange Commission (the Commission) on February 19, 2010, as amended and/or supplemented by Amendment No. 1 to the Schedule 13D filed on May 10, 2010, Amendment No. 2 to the Schedule 13D filed on July 8, 2010, Amendment No. 3 to the Schedule 13D filed on August 31, 2010, Amendment No. 4 to the Schedule 13D filed on March 2, 2011, Amendment No. 5 to the Schedule 13D filed on March 7, 2011, Amendment No. 6 to the Schedule 13D filed on June 7, 2011 and Amendment No. 7 to the Schedule 13D filed on January 9, 2012 (as amended, the Schedule 13D). This Amendment No. 8 is filed to disclose a change in the beneficial ownership of each Reporting Person relating to the disposition of shares of Common Stock of the Issuer. Each capitalized term used and not defined herein shall have the meaning assigned to such term in the Schedule 13D. Except as otherwise provided herein, each Item of the Schedule 13D remains unchanged.
Item 5. Interest in Securities of the Issuer.
Item 5(a) is amended and restated in its entirety as follows:
(a) Each Reporting Person declares that neither the filing of this Statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this Statement.
The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person is stated in Items 11 and 13 on the cover page(s) hereto.
Item 5(b) is amended and restated in its entirety as follows:
(b) Number of shares as to which each Reporting Person has:
(i) | sole power to vote or to direct the vote: |
See Item 7 on the cover page(s) hereto.
(ii) | shared power to vote or to direct the vote: |
(iii) | sole power to dispose or to direct the disposition of: |
See Item 9 on the cover page(s) hereto.
(iv) | shared power to dispose or to direct the disposition of: |
See Item 10 on the cover page(s) hereto.
Becker Drapkin QP has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the shares owned by it (the Becker Drapkin QP Shares). Becker Drapkin QP disclaims beneficial ownership of the Becker Drapkin, L.P. Shares.
Becker Drapkin, L.P. has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the shares owned by it (the Becker Drapkin, L.P. Shares, and together with the Becker Drapkin QP Shares, the Becker Drapkin Funds Shares). Becker Drapkin, L.P. disclaims beneficial ownership of the Becker Drapkin QP Shares.
As general partner of the Becker Drapkin Funds, BD Management may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Becker Drapkin Funds Shares. BD Management does not own any shares of Common Stock directly and disclaims beneficial ownership of the Becker Drapkin Funds Shares.
As general partner of BD Management, BCA may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) any shares of Common Stock beneficially owned by BD Management. BCA does not own any shares of Common Stock directly and disclaims beneficial ownership of any shares of Common Stock beneficially owned by BD Management.
Mr. Becker has the sole power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the shares owned by him (the Becker Shares). Mr. Becker disclaims beneficial ownership of any shares of Common Stock beneficially owned by Mr. Drapkin.
Mr. Drapkin has the sole power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the shares owned by him (the Drapkin Shares). Mr. Drapkin disclaims beneficial ownership of any shares of Common Stock beneficially owned by Mr. Becker.
As co-managing members of BCA, each of Mr. Becker and Mr. Drapkin may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) any shares of Common Stock beneficially owned by BCA. Each of Messrs. Becker and Drapkin disclaims beneficial ownership of any shares of Common Stock beneficially owned by BCA.
As of the date hereof, no Reporting Person owns any Common Stock other than as set forth in this Item 5.
Item 5(c) is amended and restated in its entirety as follows:
(c) Transactions in the class of securities reported on that were effected during the past sixty days or since the most recent filing of Schedule 13D, whichever is less, by the Reporting Persons are described below:
Transaction Date |
Effecting Person(s) |
Shares Acquired |
Shares Disposed |
Price Per Share |
Description of Transaction | |||||||||
08.08.2012 | Becker Drapkin QP | 258,422 | $ | 4.6673 | (1) | Open Market | ||||||||
08.08.2012 | Becker Drapkin, L.P. | 30,878 | $ | 4.6673 | (1) | Open Market | ||||||||
08.09.2012 | Becker Drapkin QP | 625,284 | $ | 4.6617 | (1) | Open Market | ||||||||
08.09.2012 | Becker Drapkin, L.P. | 74,716 | $ | 4.6617 | (1) | Open Market | ||||||||
08.10.2012 | Mr. Becker | 113,000 | $ | 4.9487 | (2) | Open Market | ||||||||
08.10.2012 | Mr. Drapkin | 121,400 | $ | 4.9487 | (2) | Open Market |
(1) | Excluding commission of $0.025 per share. |
(2) | Excluding commission of $0.03 per share. |
Item 7. Material to be Filed as Exhibits.
Item 7 is amended and restated in its entirety as follows:
The following exhibits are filed as exhibits hereto:
Exhibit |
Description of Exhibit | |
24.1 | Joint Filing Agreement and Power of Attorney (incorporated by reference from Exhibit 24.1 to Amendment No. 4 to the Schedule 13D relating to the Common Stock of the Issuer filed March 2, 2011 by the Reporting Persons with the Commission) | |
99.1 | Stock Option Award Agreement (incorporated by reference from Exhibit 99.1 to Amendment No. 1 to the Schedule 13D relating to the Common Stock of the Issuer filed May 10, 2010 by the Reporting Persons with the Commission) | |
99.2 | Notice of Grant of Stock Options and Option Agreement (incorporated by reference from Exhibit 99.2 to Amendment No. 1 to the Schedule 13D relating to the Common Stock of the Issuer filed May 10, 2010 by the Reporting Persons with the Commission) | |
99.3 | Purchase Agreement (incorporated herein by reference from Exhibit 99.01 to the Form 8-K filed by the Issuer with the Commission on July 6, 2010) | |
99.4 | Form of Warrant (incorporated herein by reference from Exhibit 4.01 to the Form 8-K filed by the Issuer with the Commission on July 6, 2010) | |
99.5 | Form of Voting Agreement (incorporated herein by reference from Exhibit 99.02 to the Form 8-K filed by the Issuer with the Commission on July 6, 2010) | |
99.6 | Form of Registration Rights Agreement (incorporated herein by reference from Exhibit 4.02 to the Form 8-K filed by the Issuer with the Commission on July 6, 2010) | |
99.7 | Press Release of the Issuer dated July 6, 2010 (incorporated herein by reference from Exhibit 99.03 to the Form 8-K filed by the Issuer with the Commission on July 6, 2010) |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: August 13, 2012 |
BECKER DRAPKIN PARTNERS (QP), L.P. | |||||
By: | Becker Drapkin Management, L.P., its general | |||||
partner | ||||||
By: | BC Advisors, LLC, its general partner | |||||
By: | /s/ Ashley Sekimoto | |||||
Name: | Ashley Sekimoto | |||||
Title: | Attorney-in-Fact | |||||
BECKER DRAPKIN PARTNERS, L.P. | ||||||
By: | Becker Drapkin Management, L.P., its general | |||||
partner | ||||||
By: | BC Advisors, LLC, its general partner | |||||
By: | /s/ Ashley Sekimoto | |||||
Name: | Ashley Sekimoto | |||||
Title: | Attorney-in-Fact | |||||
BECKER DRAPKIN MANAGEMENT, L.P. | ||||||
By: | BC Advisors, LLC, its general partner | |||||
By: | /s/ Ashley Sekimoto | |||||
Name: | Ashley Sekimoto | |||||
Title: | Attorney-in-Fact | |||||
BC ADVISORS, LLC | ||||||
By: | /s/ Ashley Sekimoto | |||||
Name: | Ashley Sekimoto | |||||
Title: | Attorney-in-Fact | |||||
STEVEN R. BECKER | ||||||
/s/ Ashley Sekimoto | ||||||
Name: | Ashley Sekimoto | |||||
Title: | Attorney-in-Fact | |||||
MATTHEW A. DRAPKIN | ||||||
/s/ Ashley Sekimoto | ||||||
Name: | Ashley Sekimoto | |||||
Title: | Attorney-in-Fact |
EXHIBIT INDEX
Exhibit |
Description of Exhibit | |
24.1 | Joint Filing Agreement and Power of Attorney (incorporated by reference from Exhibit 24.1 to Amendment No. 4 to the Schedule 13D relating to the Common Stock of the Issuer filed March 2, 2011 by the Reporting Persons with the Commission) | |
99.1 | Stock Option Award Agreement (incorporated by reference from Exhibit 99.1 to Amendment No. 1 to the Schedule 13D relating to the Common Stock of the Issuer filed May 10, 2010 by the Reporting Persons with the Commission) | |
99.2 | Notice of Grant of Stock Options and Option Agreement (incorporated by reference from Exhibit 99.2 to Amendment No. 1 to the Schedule 13D relating to the Common Stock of the Issuer filed May 10, 2010 by the Reporting Persons with the Commission) | |
99.3 | Purchase Agreement (incorporated herein by reference from Exhibit 99.01 to the Form 8-K filed by the Issuer with the Commission on July 6, 2010) | |
99.4 | Form of Warrant (incorporated herein by reference from Exhibit 4.01 to the Form 8-K filed by the Issuer with the Commission on July 6, 2010) | |
99.5 | Form of Voting Agreement (incorporated herein by reference from Exhibit 99.02 to the Form 8-K filed by the Issuer with the Commission on July 6, 2010) | |
99.6 | Form of Registration Rights Agreement (incorporated herein by reference from Exhibit 4.02 to the Form 8-K filed by the Issuer with the Commission on July 6, 2010) | |
99.7 | Press Release of the Issuer dated July 6, 2010 (incorporated herein by reference from Exhibit 99.03 to the Form 8-K filed by the Issuer with the Commission on July 6, 2010) |