SEC Form 4 · accession 0001209191-18-046973
UNIVERSAL ELECTRONICS INC · UEIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis Sylvester Hughes
Officer — COO
Period of report
Aug 15, 2018
Accepted (ET)
Aug 16, 2018 · 2:21 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 15, 2018 | M | 3,000 | $0.00 | A | 8,478 | D | |
| Common StockF2,F3 | Aug 15, 2018 | F | 1,200 | $42.725 | D | 7,278 | 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 UnitsF4,F5 | — | Aug 15, 2018 | M | 3,000 | D | — | — | Common Stock | 3,000 | 13,039 | D |
Explanation of responses
- F1Stock issued pursuant to a Restricted Stock Grant approved by the Compensation Committee of the Board of Directors on August 15, 2016 and ratified by the Board of Directors on October 26, 2016.
- 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.
- F4Each restricted stock unit represents a contingent right to receive aone share of UEI common stock.
- F5The restricted stock units will will vest ratably on an annual basis over three years beginning on August 15, 2017.