SEC Form 4 · accession 0001179110-16-032383

DTS, INC. · DTSI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Dec 1, 2016

Accepted (ET)

Dec 5, 2016 · 5:18 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^F1	Dec 1, 2016	D	28,130	$42.50	D	0	D
Common Stock^F1	Dec 1, 2016	D	500	$42.50	D	0	I	Craig Andrews SEP-IRA FCC As Custodian

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F3,F2	$27.87	Dec 1, 2016	D	7,590	D	—	May 10, 2022	Common Stock	7,590	0	D
Stock Option (Right to Buy)^F3,F4	$20.22	Dec 1, 2016	D	11,304	D	—	Jun 6, 2023	Common Stock	11,304	0	D

F1Disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 19, 2016, among the issuer, Tessera Technologies, Inc., Tempe Holdco Corporation, Tempe Merger Sub Corporation and Arizona Merger Sub Corporation in exchange for $42.50 per share (the "Merger Consideration") upon the closing of the merger.
F2This option vests and becomes exercisable in equal monthly installments over a twenty four monthly period, as measured from the date of grant (May 10, 2012).
F3This option was cancelled pursuant to the terms of the Merger Agreement and, as set forth in the Merger Agreement, was exchanged for the right to receive a cash payment equal to the difference between the Merger Consideration and the option exercise price multiplied by the number of vested options.
F4This option vests and becomes exercisable in equal monthly installments over a twenty four monthly period, as measured from the date of grant (June 6, 2013).