SEC Form 4 · accession 0001179110-15-008652
DTS, INC. · DTSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick Lee Kitson
Officer — EVP & Chief Technology Officer
Period of report
May 22, 2015
Accepted (ET)
May 27, 2015 · 7:19 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 | May 22, 2015 | M | 5,000 | $20.48 | A | 20,244 | D | |
| Common StockF1 | May 22, 2015 | S | 5,000 | $31.9653 | D | 15,244 | 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 | $20.48 | May 22, 2015 | M | 5,000 | D | — | Feb 14, 2023 | Common Stock | 5,000 | 30,000 | D |
Explanation of responses
- F1This transaction was executed in multiple sales through a sale order executed by a broker-dealer at prices ranging from $31.66 to $32.14. The price reported in this column reflects the weighted average sale price. The Reporting Person will provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F2This option vests and becomes exercisable in four equal annual installments beginning on February 14, 2014.