Elyakim Ofer 4
4 · DSP GROUP INC /DE/ · Filed Dec 2, 2021
Insider Transaction Report
Form 4
Elyakim Ofer
President of SEA Operations
Transactions
- Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−115,000$2,530,000→ 0 total - Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−95,625$2,103,750→ 0 total - Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−103,195$2,270,290→ 0 total - Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−583,641$12,840,102→ 0 total
Footnotes (4)
- [F1]The amount reported represents the number of shares of Issuer common stock subject to the Issuer Restricted Stock Units ("RSU") awards held by Mr. Elyakim, each of which will be accelerated, fully vested and canceled as of immediately prior to the Effective Time of the merger upon a qualifying termination 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 103,195 shares outstanding.
- [F3]Represents 115,000 accelerated performance-based restricted stock units ("PSUs").
- [F4]Represents 583,641 vested RSUs.