4//SEC Filing
DTS, INC. 4
Accession 0001179110-16-032413
CIK 0001226308operating
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 5:33 PM ET
Size
28.5 KB
Accession
0001179110-16-032413
Insider Transaction Report
Form 4
DTS, INC.DTSI
Skaaden Geir
SVP Corp Bus Dev
Transactions
- Disposition to Issuer
Restricted Stock Unit
2016-12-01−7,410→ 0 totalExercise: $27.68Exp: 2025-02-11→ Common Stock (7,410 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-12-01−12,630→ 0 totalExercise: $20.37Exp: 2024-03-13→ Common Stock (12,630 underlying) - Disposition to Issuer
Common Stock
2016-12-01$42.50/sh−7,133$303,153→ 16,631 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-12-01$15.01/sh−2,146$32,211→ 0 totalExercise: $27.49Exp: 2022-02-15→ Common Stock (2,146 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-12-01−5,933→ 0 totalExercise: $19.75Exp: 2023-02-13→ Common Stock (5,933 underlying) - Disposition to Issuer
Performance-based Restricted Stock Units (Right to Buy)
2016-12-01$42.50/sh−629$26,733→ 0 totalExercise: $20.37Exp: 2024-03-13→ Common Stock (629 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-12-01−4,580→ 0 totalExercise: $46.35Exp: 2021-02-16→ Common Stock (4,580 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-12-01$13.57/sh−763$10,354→ 0 totalExercise: $28.93Exp: 2022-05-09→ Common Stock (763 underlying) - Disposition to Issuer
Performance-based Restricted Stock Units (Right to Buy)
2016-12-01$42.50/sh−6,590$280,075→ 0 totalExercise: $27.68Exp: 2025-02-11→ Common Stock (6,590 underlying) - Disposition to Issuer
Performance-based Restricted Stock Units (Right to Buy)
2016-12-01$42.50/sh−13,160$559,300→ 0 totalExercise: $22.04Exp: 2026-02-11→ Common Stock (13,160 underlying) - Disposition to Issuer
Common Stock
2016-12-01−16,631→ 0 total
Footnotes (17)
- [F1]These shares include 76 shares acquired under the issuer's employee stock purchase plan on November 14, 2016.
- [F10]This option vests and becomes exercisable in four equal annual installments commencing on February 13, 2014.
- [F11]Pursuant to the terms of the Merger Agreement, this option was cancelled and (i) 2,966 vested options were exchanged for a cash payment of $22.75 per option and (ii) 2,967 unvested options will be assumed or substituted by Holdco and converted into options denominated in shares of common stock of Holdco.
- [F12]This option vests and becomes exercisable in four equal annual installments commencing on February 13, 2014.
- [F13]Pursuant to the terms of the Merger Agreement, this option was cancelled and (i) 4,210 vested options were exchanged for a cash payment of $22.13 per option and (ii) 8,420 unvested options will be assumed or substituted by Holdco and converted into options denominated in shares of common stock of Holdco.
- [F14]These performance-based vesting restricted stock units vests in two equal installments upon achievement of certain internal performance goals, with 50% units vesting on February 15, 2016 and the remaining 50% units vesting on February 15, 2017.
- [F15]These performance-based restricted stock units were cancelled pursuant to the terms of the Merger Agreement and were exchanged for the Merger Consideration.
- [F16]These performance-based vesting restricted stock units vests in two equal installments upon achievement of certain internal performance goals, with 50% of the units vesting on February 15, 2017 and the remaining units vesting on February 15, 2018.
- [F17]These performance-based vesting restricted stock units vests in two equal installments upon achievement of certain internal performance goals, with 50% units vesting on February 15, 2018 and the remaining 50% units vesting on February 15, 2019.
- [F2]Disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 19, 2016, among the issuer, Tessera Technologies, Inc., Tempe Holdco Corporation ("Holdco"), Tempe Merger Sub Corporation and Arizona Merger Sub Corporation in exchange for $42.50 per share (the "Merger Consideration") upon the closing of the merger.
- [F3]The unvested restricted stock units held by the reporting person were cancelled pursuant to the terms of the Merger Agreement and, as set forth in the Merger Agreement, shall be assumed or substituted by Holdco and converted automatically upon the closing of the merger into restricted stock units denominated in shares of common stock of Holdco.
- [F4]These restricted stock units vest in four equal annual installments beginning on February 15, 2016.
- [F5]This option vests and becomes exercisable in four equal annual installments commencing on February 16, 2012.
- [F6]This option was cancelled pursuant to the terms of the Merger Agreement, and, as set forth in the Merger Agreement, 4,580 options shall be assumed or substituted by Holdco and converted automatically upon the closing of the merger into options denominated in shares of common stock of Holdco.
- [F7]This option vests and becomes exercisable in four equal annual installments commencing on February 15, 2013.
- [F8]This option was cancelled pursuant to the terms of the Merger Agreement and, as set forth in the Merger Agreement, was exchanged for the right to receive a cash payment equal to the difference between the Merger Consideration and the option exercise price multiplied by the number of vested options.
- [F9]This option vests and becomes exercisable in four equal annual installments commencing on May 9, 2013.
Documents
Issuer
DTS, INC.
CIK 0001226308
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001226308
Filing Metadata
- Form type
- 4
- Filed
- Dec 4, 7:00 PM ET
- Accepted
- Dec 5, 5:33 PM ET
- Size
- 28.5 KB