SEC Form 4 · accession 0001179110-16-028865
DTS, INC. · DTSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Blake Welcher
Officer — EVP Legal & Licensing Oper
Period of report
Aug 17, 2016
Accepted (ET)
Aug 19, 2016 · 6:47 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 StockF1,F2,F3 | Aug 17, 2016 | A | 15,000 | $0.00 | A | 30,141 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares represent restricted stock units and will be settled in common stock upon vesting.
- F2Subject to the Reporting Person's continuing to be a service provider through each applicable vesting date, one-fourth (1/4th) of the RSUs subject to the award shall vest on August 15, 2017, and each of the next three (3) vesting dates to occur on the fifteenth (15th) day of the same month in each of the followingthree (3) years, such that the award shall be fully vested on August 15, 2020, and in the event of termination of the awardee's service to the Company, any unvested RSU shall be automatically reacquired by the Company without payment to the awardee.
- F3Includes 990 shares acquired under the Issuer's employee stock purchase plan on May 13, 2016.