SEC Form 4 · accession 0001209191-17-009221
UNIVERSAL ELECTRONICS INC · UEIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Cheung Hyen Chong
Officer — Executive Vice President -Asia
Period of report
Feb 8, 2017
Accepted (ET)
Feb 9, 2017 · 6:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000101984
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Feb 8, 2017 | A | 3,985 | A | — | — | Common Stock | 3,985 | 9,266 | D |
| Employee Stock Option (Rt to Buy)F2,F3 | $62.70 | Feb 8, 2017 | A | 12,750 | A | Feb 8, 2018 | Feb 8, 2024 | Common Stock | 12,750 | 59,435 | D |
Explanation of responses
- F1Restricted Stock Grant was approved by the Compensation Committee of the Board of Directors on January 19, 2017 and ratified and approved by the Board of Directors on February 8, 2017, and granted on February 8, 2017 and will vest over a 3 year vesting schedule of 33.33% on February 8, 2018, and 8.33% quarterly thereafter.
- F2Employee Stock Option Grant was approved by the Compensation Committee of the Board of Directors on January 19, 2017 and ratified and approved by the Board of Directors on February 8, 2017, and granted on February 8, 2017 and will vest over a 3 year vesting schedule of 33.33% on February 8, 2018, and 8.33% quarterly thereafter. These Stock Options have a 7 year life.
- F3Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.