4//SEC Filing
Elyakim Ofer 4
Accession 0001437749-17-018720
CIK 0000915778other
Filed
Nov 7, 7:00 PM ET
Accepted
Nov 8, 5:41 PM ET
Size
17.1 KB
Accession
0001437749-17-018720
Insider Transaction Report
Form 4
Elyakim Ofer
President of SEA Operations
Transactions
- Exercise/Conversion
Stock Appreciation Right
2017-11-07−26,852→ 0 totalExercise: $7.49Exp: 2018-01-31→ Common Stock (17,901 underlying) - Exercise/Conversion
Common Stock
2017-11-07$7.49/sh+26,852$201,121→ 566,253 total - Disposition to Issuer
Common Stock
2017-11-07$12.90/sh−15,591$201,124→ 550,662 total - Exercise/Conversion
Common Stock
2017-11-06$7.49/sh+33,851$253,544→ 573,252 total - Exercise/Conversion
Stock Appreciation Right
2017-11-06−33,851→ 0 totalExercise: $7.49Exp: 2018-01-31→ Common Stock (22,567 underlying) - Sale
Common Stock
2017-11-07$12.74/sh−11,261$143,465→ 539,401 total - Disposition to Issuer
Common Stock
2017-11-06$13.45/sh−18,851$253,546→ 554,401 total - Sale
Common Stock
2017-11-06$12.86/sh−15,000$192,900→ 539,401 total
Footnotes (5)
- [F1]This represents the difference between the number of SARs exercised (33,851) and the number of shares issued as a result of the exercise (15,000). 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 ($13.45) and the base price ($7.49). The SARs were issued from a plan that will expire in January 2018.
- [F2]This represents the difference between the number of SARs exercised (26,852) and the number of shares issued as a result of the exercise (11,261). 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 ($12.90) and the base price ($7.49). The SARs were issued from a plan that will expire in January 2018.
- [F3]Represents 175,135 shares outstanding, 207,785 vested RSUs, and 156,481 unvested RSUs.
- [F4]The Stock Appreciation Right vests 25% after 1 year and 6.25% each quarter thereafter.
- [F5]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 three 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 2/3 of the number of stock appreciation rights granted.
Documents
Issuer
DSP GROUP INC /DE/
CIK 0000915778
Entity typeother
Related Parties
1- filerCIK 0001455222
Filing Metadata
- Form type
- 4
- Filed
- Nov 7, 7:00 PM ET
- Accepted
- Nov 8, 5:41 PM ET
- Size
- 17.1 KB