SEC Form 4 · accession 0001209191-16-150037
UNIVERSAL ELECTRONICS INC · UEIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul J Bennett
Officer — EVP
Period of report
Nov 12, 2016
Accepted (ET)
Nov 15, 2016 · 12:30 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 | Nov 12, 2016 | M | 496 | $0.00 | A | 29,687 | D | |
| Common StockF2,F3 | Nov 12, 2016 | F | 257 | $67.00 | D | 29,430 | D | |
| Common StockF4 | Nov 12, 2016 | M | 318 | $0.00 | A | 29,748 | D | |
| Common StockF2,F3 | Nov 12, 2016 | F | 165 | $67.00 | D | 29,583 | 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 UnitF5,F6 | — | Nov 12, 2016 | M | 496 | D | — | — | Common Stock | 496 | 6,783 | D |
| Restricted Stock UnitF5,F6 | — | Nov 12, 2016 | M | 318 | D | — | — | Common Stock | 318 | 6,465 | 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 terms of the Company's applicable Stock Incentive Plan.
- F4Stock issued pursuant to Restricted Stock Grant approved by the Compensation Committee of the Board of Directors on January 16, 2015 and ratified by the Board of Directors on February 11-12, 2015.
- F5Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
- F6The restricted stock units vest in accordance with the vesting schedule of each RSU Grant.