We increased our focus on designing, marketing and selling games for smartphones, such as Apples iPhone and mobile phones utilizing the Googles Android operating system. We generated $9.9 million in smartphone revenues in 2010, a 127.2% increase from the $4.3 million in smartphone revenues we generated in 2009. In December 2010, we had approximately 12.1 million monthly active users of our games on smartphones based on the Apple iOS and Google Android operating systems. As of December 31, 2010, we had 50.2 million cumulative installs of our games on smartphones based on the Apple iOS and Google Android operating systems, including 18.0 million installs during the fourth quarter of 2010

EX-10.17 4 f58552exv10w17.htm EX-10.17 exv10w17
Exhibit 10.17
GLU MOBILE INC.
SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM
(As Amended on October 21, 2010)
On January 28, 2009, our Board of Directors adopted, and October 21, 2010 our Board amended, the following program with respect to the compensation of our non-employee directors:
Cash Compensation
         
Annual Retainer Fee:
   $ 20,000  
 
        
Chairman of the Board Fee:
   $ 15,000  
 
        
Annual Committee Fees:
        
Audit Committee Chair
   $ 15,000  
Audit Committee Member (other than Chair)
   $ 5,000  
Compensation Committee Chair
   $ 15,000  
Compensation Committee Member (other than Chair)
   $ 5,000  
Nominating and Governance Committee Chair
   $ 5,000  
Nominating and Governance Committee Member (other than Chair)
   $ 5,000  
All cash compensation will be paid in quarterly installments based upon continuing service. We will also reimburse our directors for reasonable expenses in connection with attendance at Board and committee meetings.
Equity Compensation
Each year at about the time of our annual meeting of stockholders, each non-employee director will receive an additional equity award of, at that director’s discretion, either 16,667 shares of restricted stock or an option to purchase 50,000 shares of our common stock. In either case the award will vest pro rata monthly over one year. About the time he or she joins the Board of Directors, each new non-employee director will receive an initial equity award of, at that director’s discretion, either (a) a grant of 20,000 shares of restricted stock or (b) an option to purchase 60,000 shares of our common stock. In either case the award will vest as to 16 2/3% of the shares after six months and thereafter vest pro rata monthly over the next 30 months.