Blanka Lior 4
4 · DSP GROUP INC /DE/ · Filed May 16, 2011
Insider Transaction Report
Form 4
Blanka Lior
Chief Technology Officer
Transactions
- Sale
Common Stock
2011-05-10$8.20/sh−2,537$20,803→ 0 total - Exercise/Conversion
Common Stock
2011-05-10$5.97/sh+2,537$15,146→ 2,537 total - Exercise/Conversion
Stock Appreciation Right
2011-05-10−10,000→ 50,000 totalExercise: $5.97Exp: 2016-02-02→ Common Stock (2,537 underlying)
Footnotes (2)
- [F1]25% of the stock appreciation rights vested on February 2, 2010. 6.25% of the remaining stock appreciation rights vest 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 great 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. Therefore, the number of underlying shares of common stock that may be received upon exercise cannot exceed 3/4 of the number of stock appreciation rights granted.