SEC Form 4 · accession 0001179110-16-020164
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
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 7:30 pm EST
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 | Feb 23, 2016 | M | 67,000 | $18.32 | A | 197,034 | D | |
| Common StockF1 | Feb 23, 2016 | F | 58,332 | $23.11 | D | 138,702 | 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 | $18.32 | Feb 23, 2016 | M | 67,000 | A | — | Feb 23, 2016 | Common Stock | 67,000 | 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.
- F2This option vests and becomes exercisable in 4 equal annual installments beginning on February 23, 2007.