DSP GROUP INC /DE/ 4
4 · DSP GROUP INC /DE/ · Filed Feb 4, 2009
Insider Transaction Report
Form 4
EDAN BOAZ
Chief Operating Officer
Transactions
- Award
Stock Appreciation Right
2009-02-02+140,000→ 105,000 totalExercise: $5.97Exp: 2016-02-02→ Common Stock (105,000 underlying)
Footnotes (2)
- [F1]The Stock Appreciation Right vests 25% after 1 year and 6.25% each quarter thereafter.
- [F2]The Stock Appreciation Right grant is subject to a ceiling such that when the fair market value of the Company's common stock is equal to or greater than four times the base appreciation amount of the stock appreciation right, the portion of the stock appreciation rights that is vested on such date is automatically exercised on the next trading day and the appreciation amount is paid by the issuance of the respective number of shares of the Company's common stock.