4//SEC Filing
Taffe Norman P 4
Accession 0001437749-21-027729
CIK 0000915778other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 6:22 PM ET
Size
19.6 KB
Accession
0001437749-21-027729
Insider Transaction Report
Form 4
Taffe Norman P
Director
Transactions
- Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−6,064$133,408→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2021-12-02−30,000→ 0 totalExercise: $8.21Exp: 2023-06-12→ Common Stock (30,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2021-12-02−8,000→ 0 totalExercise: $9.71Exp: 2024-01-01→ Common Stock (8,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2021-12-02−8,000→ 0 totalExercise: $9.44Exp: 2026-01-01→ Common Stock (8,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2021-12-02−8,000→ 0 totalExercise: $12.50Exp: 2028-01-01→ Common Stock (8,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2021-12-02−8,000→ 0 totalExercise: $10.87Exp: 2025-01-01→ Common Stock (8,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2021-12-02−8,000→ 0 totalExercise: $13.05Exp: 2027-01-01→ Common Stock (8,000 underlying) - Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−37,020$814,440→ 0 total
Footnotes (3)
- [F1]The amount reported represents the number of shares of Issuer common stock subject to the Issuer Restricted Stock Unit ("RSU") awards held by Mr. Taffe, 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 37,020 shares outstanding.
- [F3]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
Issuer
DSP GROUP INC /DE/
CIK 0000915778
Entity typeother
Related Parties
1- filerCIK 0001338627
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 6:22 PM ET
- Size
- 19.6 KB