SEC Form 4 · accession 0001209191-15-065879
UNIVERSAL ELECTRONICS INC · UEIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul D Arling
Officer — CEO · Director
Period of report
Aug 12, 2015
Accepted (ET)
Aug 13, 2015 · 5:42 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 12, 2015 | M | 1,654 | $0.00 | A | 157,780 | D | |
| Common StockF2,F3 | Aug 12, 2015 | F | 863 | $47.68 | D | 156,917 | D | |
| Common Stock | holding | — | — | — | 1,000 | I | By Spouse |
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 12, 2015 | M | 1,654 | D | — | — | Common Stock | 1,654 | 28,952 | D |
| Restricted Stock UnitF4,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 30,606 | 30,606 | D |
Explanation of responses
- F1Stock issued pursuant to Restricted Stock Grant approved by the Compensation Committee of the Board of Directors on December 4, 2013 and ratified by the Board of Directors on February 12-13, 2014.
- 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 December 4, 2013 and ratified by the Board of Directors on February 12-13, 2014.
- 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 3 RSU Grants: one granted on February 13, 2013 with a 3 year ratable quarterly vesting period which began on May 13, 2013; one granted on February 12, 2014 with a 3 year vesting schedule of 33.33% on February 12, 2015 and 8.33% quarterly thereafter; 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.