SEC Form 4 · accession 0001179110-15-006604
DTS, INC. · DTSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon Kirchner
Officer — President and CEO · Director
Period of report
Apr 22, 2015
Accepted (ET)
Apr 24, 2015 · 7:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001226308
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 22, 2015 | M | 100,000 | $16.55 | A | 151,126 | D | |
| Common StockF1 | Apr 22, 2015 | F | 73,605 | $36.94 | D | 77,521 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $16.55 | Apr 22, 2015 | M | 100,000 | D | May 19, 2006 | May 18, 2015 | Common Stock | 100,000 | 0 | D |
Explanation of responses
- F1The shares were withheld at the election of the Reporting Person as payment of the exercise price and to satisfy tax withholding obligations in connection with the exercise of the option.
- F225% of the option shares vested on such date and the remaining option shares vested in 3 equal annual installments thereafter.