SEC Form 4 · accession 0001209191-15-063377
UNIVERSAL ELECTRONICS INC · UEIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis Sylvester Hughes
Officer — EVP
Period of report
Aug 2, 2015
Accepted (ET)
Aug 3, 2015 · 8:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000101984
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 2, 2015 | M | 2,833 | $0.00 | A | 2,835 | D | |
| Common StockF2,F3 | Aug 2, 2015 | F | 1,064 | $52.06 | D | 1,771 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF4,F5 | — | Aug 2, 2015 | M | 2,833 | D | — | — | Common Stock | 2,833 | 13,265 | D |
| Restricted Stock UnitF4,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 16,098 | 16,098 | D |
Explanation of responses
- F1Stock issued pursuant to Restricted Stock Grant approved by the Compensation Committee of the Board of Directors on July 26, 2012.
- F2This transaction represents a withholding of shares to cover taxes applicable to a vesting of RSUs also reported on this Form 4.
- F3Price determined in accordance with the Restricted Stock Grant approved by the Compensation Committee of the Board of Directors on July 26, 2012.
- F4Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
- F5The restricted stock units vest in accordance with the vesting schedule of each RSU Grant.
- F6This figure represents the aggregate number of unvested RSU's as of the reporting date and involves 4 RSU Grants: one granted on August 2, 2012 with a 3 year ratable annual vesting period which began on August 2, 2013; one granted on December 19, 2013 with a 3 year ratable annual vesting schedule; one granted on December 19, 2014 with a 3 year ratable annual vesting schedule; and one granted on February 12, 2015 with a 3 year vesting schedule of 33.33% on February 12, 2016 and 8.33% quarterly thereafter.