LACEY THOMAS A 4
4 · DSP GROUP INC /DE/ · Filed Dec 2, 2021
Insider Transaction Report
Form 4
LACEY THOMAS A
Director
Transactions
- 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
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: $9.71Exp: 2024-01-01→ Common Stock (8,000 underlying) - 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−99,920$2,198,240→ 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. Lacey, 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 99,920 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.