SEC Form 4 · accession 0001209191-15-041885
AUDIENCE INC · ADNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin S. Palatnik
Officer — Chief Financial Officer
Period of report
May 8, 2015
Accepted (ET)
May 12, 2015 · 6:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001201663
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 8, 2015 | M | 10,625 | $0.001 | A | 153,533 | D | |
| Common Stock | May 8, 2015 | F | 3,898 | $4.75 | D | 149,635 | 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 UnitF1,F2 | $0.001 | May 8, 2015 | M | 10,625 | D | — | — | Common Stock | 10,625 | 31,875 | D |
Explanation of responses
- F1Represents par value of ADNC common stock.
- F225% of the restricted stock unit granted on November 8, 2014 became vested on May 8, 2015 and shares were delivered to reporting person on such vest date. The restricted stock unit will continue to vest every six months and shares will be delivered to reporting person on each vest date.