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OneSpan Inc. — Director's Dealing 2021
Mar 17, 2021
32649_dirs_2021-03-17_afec5d10-6875-450b-abea-7198e8be5a41.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OneSpan Inc. (OSPN)
CIK: 0001044777
Period of Report: 2021-03-15
Reporting Person: Clements Scott (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-15 | Common Stock, $0.001 par value | A | 60526 | $25.42 | Acquired | 201527 | Direct |
| 2021-03-15 | Common Stock, $0.001 par value | F | 26571 | $25.42 | Disposed | 174956 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-15 | Performance Stock Units | $ | P | 62308 | Disposed | 2020-12-31 | Common Stock (62308) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (47114) | 47114 | Direct | |
| Restricted Stock Units | $ | Common Stock (45419) | 45419 | Direct | |
| Restricted Stock Units | $ | Common Stock (27002) | 27002 | Direct | |
| Performance Stock Units | $ | 2023-12-31 | Common Stock (70671) | 70671 | Direct |
| Performance Stock Units | $ | 2022-12-31 | Common Stock (90837) | 90837 | Direct |
| Performance Stock Units | $ | 2021-12-31 | Common Stock (81005) | 81005 | Direct |
Footnotes
F1: The reporting person received a performance stock unit grant on January 4, 2018. Each performance stock unit represents a right to receive one share of OneSpan's common stock. The performance stock units cliff vested at the expiration date, and were earned at 97% of target on March 15, 2021 as the performance criteria established by the Compensation Committee of the Board were partially achieved.
F2: The shares were sold to cover tax withholding obligations for the vest of performance stock units.
F3: The reporting person received a restricted stock unit grant on February 18, 2021. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.
F4: The shares acquired are restricted stock units and vest pro-rata over four years on the semi-annual anniversaries of the grant date.
F5: Not applicable.
F6: The reporting person received a restricted stock unit grant on January 15, 2020. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.
F7: The reporting person received a restricted stock unit grant upon approval of the OneSpan Inc. 2019 Omnibus Incentive Plan (the "2019 Plan") at the Annual Meeting of Stockholders of OneSpan Inc. held on June 12, 2019. The 2019 Plan was approved by the Board on February 1, 2019, subject to stockholder approval. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.
F8: The reporting person received a performance stock unit grant on February 18, 2021. Each performance stock unit represents a right to receive one share of OneSpan's common stock. The performance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.
F9: The reporting person received a performance stock unit grant on January 15, 2020. Each performance stock unit represents a right to receive one share of OneSpan's common stock. The performance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.
F10: The reporting person received a performance stock unit grant on February 1, 2019. Each performance stock unit represents a right to receive one share of OneSpan's common stock. The performance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.