SMITH W PAUL 4
4 · DTS, INC. · Filed Mar 1, 2011
Insider Transaction Report
Form 4
DTS, INC.DTSI
SMITH W PAUL
Senior VP, Research & Dev
Transactions
- Award
Performance-based Market Stock Units
2011-02-27+8,000→ 8,000 totalFrom: 2013-12-31→ Common Stock (8,000 underlying)
Footnotes (2)
- [F1]Each Performance-based Market Stock Unit (MSU) represents the right to receive, following vesting, no more than 200% of one share of Issuer's common stock. The resulting number of shares acquired upon vesting of the Performance-based MSUs is contingent upon the achievement of pre-established performance criteria for the Issuer's Common Stock, as approved by the Issuer's Compensation Committee, over a three year period beginning on January 1, 2011 and ending on December 31, 2013.
- [F2]Unless earlier forfeited under the terms of the Performance-based MSU or accelerated upon a change of control transaction, each Performance-based MSU vests and converts into no more than 200% of one share of the Issuer's common stock three years after the grant date.