Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e)

Form of PSU Award Agreement

On November 18, 2020, the Compensation Committee (the "Committee") of the Board of Directors of Glu Mobile Inc. (the "Company") adopted a form of Award Agreement - Performance Vesting Restricted Stock Unit ("PSU Agreement") that is intended to serve as a standard form of agreement for awards of performance-based restricted stock units ("PSUs") under the Company's 2007 Equity Incentive Plan (the "Plan"). In accordance with the Plan, PSUs issued pursuant to the PSU Agreement will become eligible to vest upon the achievement of one or more performance goals established by the Committee and the satisfaction of any time-based vesting requirement, as applicable. A performance goal can be any metric that is set forth in the Plan, including any metric that is capable of measurement as determined by the Committee. The form of PSU Agreement is filed as Exhibit 99.1 to this report and is incorporated herein by reference.

Executive Cash Bonus Plan

On November 18, 2020, the Committee approved a cash-based bonus plan for 2021 (the "Bonus Plan") for certain of the Company's named executive officers, including: Becky Ann Hughes, the Company's Senior Vice President, Revenue; Chris Akhavan, the Company's Senior Vice President, Business Development, Corporate Development and Advertising; and Scott Leichtner, the Company's Vice President and General Counsel (the "Eligible Officers"). Nick Earl, the Company's President and Chief Executive Officer, and Eric Ludwig, the Company's Executive Vice President, Chief Operating Officer and Chief Financial Officer, are not eligible to participate in the Bonus Plan as they received PSUs in lieu of a 2021 cash bonus opportunity.

The target and maximum bonus amounts for the Eligible Officers under the Bonus Plan are set forth in the table below:



                    2021       2021
                   Target    Maximum               2021 Target 2021 Maximum
Eligible Officer Percentage Percentage 2021 Salary    Bonus       Bonus
Becky Ann Hughes        90%       180%    $360,000    $324,000     $648,000
Chris Akhavan           40%        80%    $400,000    $160,000     $320,000
Scott Leichtner         50%       100%    $345,000    $172,500     $345,000

In order for the Eligible Officers to receive any bonus payment pursuant to the Bonus Plan, the Company must generate bookings and Adjusted EBITDA for 2021 that together represent a significant percentage increase over the Company's bookings and Adjusted EBITDA for 2020 (the "Threshold Increase"). In order for the Eligible Officers to receive the target bonus payment specified in the table above, the year-over-year percentage increase in the Company's bookings and Adjusted EBITDA must be approximately 11 percentage points above the Threshold Increase, and the year-over-year percentage increase in the Company's bookings and Adjusted EBITDA must be approximately 20 percentage points above the Threshold Increase for the Eligible Officers to earn the maximum bonus payment specified in the table above.

Item 9.01 Financial Statements and Exhibits.



(d)          Exhibits.
  99.1         Form of PSU Agreement.
104          The cover page of this Current Report on Form 8-K, formatted in Inline XBRL

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