SEC Form 4 · accession 0001209191-15-044666
AUDIENCE INC · ADNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edgar Auslander
Officer — VP, Prod Mgmt & Mktg
Period of report
May 15, 2015
Accepted (ET)
May 19, 2015 · 6:59 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 15, 2015 | M | 10,000 | $0.001 | A | 14,858 | D | |
| Common Stock | May 15, 2015 | F | 3,668 | $4.80 | D | 11,190 | D | |
| Common StockF1 | May 16, 2015 | M | 7,500 | $0.001 | A | 18,690 | D | |
| Common Stock | May 16, 2015 | F | 2,771 | $4.80 | D | 15,919 | 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 15, 2015 | M | 10,000 | D | — | — | Common Stock | 10,000 | 10,000 | D |
| Restricted Stock UnitF1,F3 | $0.001 | May 16, 2015 | M | 7,500 | D | — | — | Common Stock | 7,500 | 22,500 | D |
Explanation of responses
- F1Represents par value of ADNC common stock.
- F250% of the restricted stock unit granted on March 16, 2015 became vested on May 15, 2015 and shares were delivered to reporting person on such vest date. 50% of the restricted stock unit will vest on August 15, 2015 and shares will be delivered to reporting person on such vest date.
- F325% of the restricted stock unit granted on May 16, 2014 became vested on May 16, 2015 and shares were delivered to reporting person on May 18, 2015. 12.5% of the restricted stock unit will vest every six months thereafter and shares will be delivered to reporting person on such vest dates.