SEC Form 4 · accession 0001179110-16-032393

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 · 5:26 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	32,630	$42.50	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Option (Right to Buy)^F3,F2	$27.40	Dec 1, 2016	D	15,000	D	—	Jan 7, 2018	Common Stock	15,000	D
Stock Option (Right to Buy)^F3,F4	$24.44	Dec 1, 2016	D	7,500	D	—	May 14, 2019	Common Stock	7,500	D
Stock Option (Right to Buy)^F3,F5	$32.77	Dec 1, 2016	D	6,000	D	—	Jun 4, 2020	Common Stock	6,000	D
Stock Option (Right to Buy)^F3,F6	$27.87	Dec 1, 2016	D	7,590	D	—	May 10, 2022	Common Stock	7,590	D
Stock Option (Right to Buy)^F3,F7	$20.22	Dec 1, 2016	D	11,304	D	—	Jun 6, 2023	Common Stock	11,304	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 vest and becomes exercisable in equal installments over a thirty six month period, as measured from the date of grant (January 7, 2008).
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 twelve month period, as measured from the date of grant (May 14, 2009).
F5This option vests and becomes exercisable in equal monthly installments over a twelve month period, as measured from the date of grant (June 4, 2010).
F6This option vests and becomes exercisable in equal monthly installments over a twelve month period, as measured from the date of grant (May 10, 2012).
F7This option vests and becomes exercisable in equal monthly installments over a twenty four month period, as measured from the date of grant (June 6, 2013).