SEC Form 4 · accession 0001437749-15-016184
DSP GROUP INC /DE/ · DSPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ofer Elyakim
Officer — CEO · Director
Period of report
Jul 29, 2015
Accepted (ET)
Aug 19, 2015 · 6:01 pm EDT
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,F2 | Jul 29, 2015 | M | 4,125 | — | A | 87,608 | D | |
| Common StockF3 | Aug 10, 2015 | M | 2,813 | — | A | 90,421 | D | |
| Common StockF4 | Aug 14, 2015 | M | 35,000 | — | A | 125,421 | D | |
| Common Stock | Aug 18, 2015 | P | 2,000 | $8.70 | A | 127,421 | 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 UnitF1 | — | Jul 29, 2015 | M | 4,125 | D | — | — | Common Stock | 4,125 | 24,750 | D |
| Restricted Stock UnitF3 | — | Aug 10, 2015 | M | 2,813 | D | — | — | Common Stock | 2,813 | 28,125 | D |
| Restricted Stock UnitF4 | — | Aug 14, 2015 | M | 35,000 | D | — | — | Common Stock | 35,000 | 0 | D |
Explanation of responses
- F1Represents restricted stock units. Acquired under the 2012 Equity Incentive Plan and will vest at a rate of 25% on 1/29/2014 and 6.25% each quarter hereafter.
- F2Includes 2,033 shares that were acquired under the DSP Group, Inc. Employee Stock Purchase Plan
- F3Each restricted stock unit represents a contingent right to receive one share of DSP Group, Inc. Common Stock. The restricted stock units were acquired under the 2012 Equity Incentive Plan. 25% of the RSUs vest on the first year anniversary of the grant with the remainder vesting 6.25% quarterly thereafter.
- F4Each restricted stock unit represents a contingent right to receive one share of DSP Group, Inc. common stock. The restricted stock units were acquired under the 2012 Equity Incentive Plan and will be 100% fully vested on 8/14/2015.