4//SEC Filing
DTS, INC. 4
Accession 0001179110-16-032429
CIK 0001226308operating
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 5:55 PM ET
Size
16.5 KB
Accession
0001179110-16-032429
Insider Transaction Report
Form 4
DTS, INC.DTSI
Doohan Kevin
Chief Marketing Officer
Transactions
- Disposition to Issuer
Common Stock
2016-12-01$42.50/sh−4,087$173,698→ 14,900 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-12-01−33,000→ 0 totalExercise: $22.55Exp: 2024-01-21→ Common Stock (33,000 underlying) - Disposition to Issuer
Performance-based Restricted Stock Units (Right to Buy)
2016-12-01$42.50/sh−4,610$195,925→ 0 totalExercise: $27.68Exp: 2025-02-11→ Common Stock (4,610 underlying) - Disposition to Issuer
Common Stock
2016-12-01−14,900→ 0 total - Disposition to Issuer
Restricted Stock Unit
2016-12-01−5,190→ 0 totalExercise: $27.68Exp: 2025-02-11→ Common Stock (5,190 underlying) - Disposition to Issuer
Performance-based Restricted Stock Units (Right to Buy)
2016-12-01$42.50/sh−9,400$399,500→ 0 totalExercise: $22.04Exp: 2026-02-11→ Common Stock (9,400 underlying)
Footnotes (9)
- [F1]These shares include 1,467 shares acquired under the issuer's employee stock purchase plan on May 13, 2016.
- [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 beginning on January 21, 2015.
- [F6]Pursuant to the terms of the Merger Agreement, this option was cancelled and (i) 11,000 vested options were exchanged for a cash payment of $19.95 per option and (ii) 22,000 unvested options will be assumed or substituted by Holdco and converted into options denominated in shares of common stock of Holdco.
- [F7]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, in each case assuming the performance goals are achieved.
- [F8]These performance-based restricted stock units were cancelled pursuant to the terms of the Merger Agreement and were exchanged for the Merger Consideration.
- [F9]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, in each case assuming the performance goals are achieved.
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, 5:55 PM ET
- Size
- 16.5 KB