SEC Form 4 · accession 0001557947-15-000004
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
Feb 20, 2015
Accepted (ET)
Feb 23, 2015 · 7:04 pm EST
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 | Feb 20, 2015 | M | 2,400 | $0.001 | A | 143,962 | D | |
| Common Stock | Feb 20, 2015 | F | 1,054 | $4.67 | D | 142,908 | 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 | Feb 20, 2015 | M | 2,400 | D | — | — | Common Stock | 2,400 | 14,400 | D |
Explanation of responses
- F1Represents par value of ADNC common stock
- F212.5% of the restricted stock unit granted on February 20, 2014 became vested on February 20, 2015 and shares were delivered to reporting person on such vest date. 12.5% of the restricted stock unit will continue to vest every six months thereafter, and shares will be delivered to reporting person on each vest date.