4//SEC Filing
Chen Tali 4
Accession 0001437749-21-027877
CIK 0000915778other
Filed
Dec 2, 7:00 PM ET
Accepted
Dec 3, 5:21 PM ET
Size
11.1 KB
Accession
0001437749-21-027877
Insider Transaction Report
Form 4
Chen Tali
Chief Business Officer
Transactions
- Exercise/Conversion
Stock Appreciation Right
2021-12-02−10,000→ 0 totalExercise: $10.15Exp: 2025-02-05→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−54,245$1,193,390→ 0 total - Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−92,053$2,025,166→ 0 total - Disposition to Issuer
Common Stock
2021-12-02$22.00/sh−15,074$331,628→ 0 total
Footnotes (4)
- [F1]The amount reported represents the number of shares of Issuer common stock subject to the Issuer Restricted Stock Unit ("RSU") awards held by Ms. Chen, 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 15,074 shares outstanding.
- [F3]Represents 92,053 vested RSUs.
- [F4]25% of the SARs vest upon the one-year anniversary of the grant date, and an additional 6.25% of the SARS vest at the end of each calendar quarter thereafter. This SAR 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 SAR award by (2) the difference between the base price of the SAR and the merger consideration of $22.00 per share.
Documents
Issuer
DSP GROUP INC /DE/
CIK 0000915778
Entity typeother
Related Parties
1- filerCIK 0001824088
Filing Metadata
- Form type
- 4
- Filed
- Dec 2, 7:00 PM ET
- Accepted
- Dec 3, 5:21 PM ET
- Size
- 11.1 KB