SEC Form 4 · accession 0001209191-15-086460
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
Dec 19, 2015
Accepted (ET)
Dec 21, 2015 · 6:27 pm EST
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 | Dec 19, 2015 | M | 2,700 | $0.00 | A | 4,471 | D | |
| Common StockF2,F3 | Dec 19, 2015 | F | 1,014 | $49.71 | D | 3,457 | D | |
| Common StockF4 | Dec 19, 2015 | M | 1,350 | $0.00 | A | 4,807 | D | |
| Common StockF2,F5 | Dec 19, 2015 | F | 507 | $49.71 | D | 4,300 | 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 UnitF6,F7 | — | Dec 19, 2015 | M | 2,700 | D | — | — | Common Stock | 2,700 | 10,565 | D |
| Restricted Stock UnitsF6,F8 | — | Dec 19, 2015 | M | 1,350 | D | — | — | Common Stock | 1,350 | 9,215 | 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 December 11, 2013.
- 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 December 11, 2013.
- F4Stock issued pursuant to Restricted Stock Grant approved by the Compensation Committee of the Board of Directors on December 5, 2014 and ratified by the Board of Directors on December 10, 2014.
- F5Price determined in accordance with the Restricted Stock Grant approved by the Compensation Committee of the Board of Directors on December 5, 2014 and ratified by the Board of Directors on December 10, 2014.
- F6Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
- F7These restricted stock units granted on December 19, 2013 vest over a 3 year ratable annual vesting period which began on December 19, 2014.
- F8These restricted stock units granted on December 19, 2014 vest over a 3 year ratable annual vesting period which began on December 19, 2015.