4//SEC Filing
DSP GROUP INC /DE/ 4
Accession 0001437749-16-025336
CIK 0000915778operating
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 9:17 PM ET
Size
10.2 KB
Accession
0001437749-16-025336
Insider Transaction Report
Form 4
Dahan David
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2016-02-10$6.16/sh+7,500$46,200→ 45,865 total - Disposition to Issuer
Common Stock
2016-02-10$8.23/sh−5,614$46,203→ 40,251 total - Sale
Common Stock
2016-02-10$8.27/sh−7,753$64,117→ 32,498 total - Exercise/Conversion
Stock Appreciation Right
2016-02-10−7,500→ 0 totalExercise: $6.16→ Common Stock (7,500 underlying)
Footnotes (3)
- [F1]This represents the difference between the number of SARs exercised (7,500) and the number of shares issued as a result of the exercise (1,886). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date immediately prior to the date the SAR is exercised ($8.23) and the base price ($6.16).
- [F2]The Stock Appreciation Right vests 25% after 1 year and 6.25% each quarter thereafter. 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 two 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 1/2 of the number of stock appreciation rights granted.
- [F3]Represents unvested restricted stock units.
Documents
Issuer
DSP GROUP INC /DE/
CIK 0000915778
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000915778
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 9:17 PM ET
- Size
- 10.2 KB