Paul Cynthia 4

4 · DSP GROUP INC /DE/ · Filed Dec 2, 2021

Form 4

Period: 2021-12-02

Director

Transactions

Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−6,064$133,408→ 0 total
Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−105,871$2,329,162→ 0 total(indirect: By Lynrock Lake Master Fund LP)
Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−18,420$405,240→ 0 total
Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−435,853$9,588,766→ 0 total(indirect: By Lynrock Lake LP)
Disposition to Issuer
Stock Option (Right to Buy)
2021-12-02−6,000→ 0 total
Exercise: $11.75Exp: 2028-04-04→ Common Stock (6,000 underlying)

Footnotes (5)

[F1]The amount reported represents the number of shares of Issuer common stock subject to the Issuer RSU awards held by Ms. Paul, each of which will be accelerated, fully vested and canceled as of immediately prior to the Effective Time of the merger in exchange for an amount in cash equal to the product obtained by multiplying (1) the aggregate number of shares of Issuer common stock subject to the Issuer RSU award by (2) the merger consideration of $22.00 per share.
[F2]Represents 18,420 shares outstanding.
[F3]Represents an aggregate of 541,724 shares outstanding held indirectly through partnerships.
[F4]The reporting person is a general partner of the partnership that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.
[F5]Options vest in full and become exercisable as to 100% of the shares subject to the option award on the first anniversary of the date of grant. This option is being canceled as of immediately prior to the Effective Time of the Merger in exchange for an amount in cash equal to the product obtained by multiplying (1) the aggregate number of shares of Issuer common stock subject to the option award by (2) the difference between the exercise price of the option and the merger consideration of $22.00 per share.

Documents

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