SEC Form 4 · accession 0001437749-15-000255
DSP GROUP INC /DE/ · DSPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman P Taffe
Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 5, 2015 · 8:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000915778
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 1, 2015 | M | 4,000 | $0.00 | A | 5,600 | D | |
| Restricted Stock UnitsF2 | Jan 1, 2015 | A | 4,000 | $0.00 | A | 9,600 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Jan 1, 2014 | M | 4,000 | D | — | — | Common Stock | 4,000 | 0 | D |
| Stock Option (Right to Buy)F5 | $10.87 | Jan 1, 2015 | A | 8,000 | A | — | Jan 1, 2025 | Common Stock | 8,000 | 8,000 | D |
Explanation of responses
- F1Represents shares vested from Restricted Stock Units that were granted on 01/01/2014.
- F2The total number of shares represents (i) 4,000 shares of common stock issued on 01/01/15 upon vesting of restricted stock units granted on 01/01/14, (ii) 4,000 restricted stock units that were granted under the 2012 Equity Incentive Plan on 01/01/2015 and will fully vest on 01/01/2016, and (iii) 1,600 shares of common stock currently outstanding.
- F3Each restricted stock unit represents a contingent right to receive one share of DSP Group, Inc. Common Stock.
- F4The restricted stock units were acquired under the 2012 Equity Incentive Plan and is 100% fully vested on 01/01/2015.
- F5The option will be 100% fully vested on 01/01/2016.