SEC Form 5 · accession 0001437749-16-025332
DSP GROUP INC /DE/ · DSPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dror Levy
Officer — VP and CFO
Period of report
Dec 31, 2015
Accepted (ET)
Feb 12, 2016 · 9:13 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,F2,F3,F4 | Nov 10, 2015 | A | 22,000 | $0.00 | A | 95,060 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units ("RSUs").
- F2The RSUs 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.
- F3The Form 4 filed by the reporting person on February 11, 2014, initially reported the RSUs in Table II. Of the 22,000 RSUs reported herein, the reporting person did not report 5,500 RSUs that vested on February 10, 2015, 1,375 RSUs that vested on May 10, 2015, 1,375 RSUs that vested on August 10, 2015, and 1,375 RSUs that vested on November 10, 2015, due to administrative error. 1,375 RSUs vested on February 10, 2016. The remainder of the RSUs reported herein shall vest at a rate of 6.25% on each of May 10, 2016, August 10, 2016, November 10, 2016, February 10, 2017, May 10, 2017, August 10, 2017, November 10, 2017, and February 10, 2018.
- F4Represents 4,060 shares outstanding, 46,816 vested RSUs, and 44,184 unvested RSUs.