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UNIVERSAL ELECTRONICS INC — Director's Dealing 2015
Aug 4, 2015
34452_dirs_2015-08-03_ac8d580e-4723-4c26-9035-b8326946592a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNIVERSAL ELECTRONICS INC (UEIC)
CIK: 0000101984
Period of Report: 2015-08-02
Reporting Person: HUGHES LOUIS SYLVESTER (EVP)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-08-02 | Common Stock | M | 2833 | $0.00 | Acquired | 2835 | Direct |
| 2015-08-02 | Common Stock | F | 1064 | $52.06 | Disposed | 1771 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-08-02 | Restricted Stock Unit | $ | M | 2833 | Disposed | Common Stock (2833) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (16098) | 16098 | Direct |
Footnotes
F1: Stock issued pursuant to Restricted Stock Grant approved by the Compensation Committee of the Board of Directors on July 26, 2012.
F2: This transaction represents a withholding of shares to cover taxes applicable to a vesting of RSUs also reported on this Form 4.
F3: Price determined in accordance with the Restricted Stock Grant approved by the Compensation Committee of the Board of Directors on July 26, 2012.
F4: Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F5: The restricted stock units vest in accordance with the vesting schedule of each RSU Grant.
F6: This figure represents the aggregate number of unvested RSU's as of the reporting date and involves 4 RSU Grants: one granted on August 2, 2012 with a 3 year ratable annual vesting period which began on August 2, 2013; one granted on December 19, 2013 with a 3 year ratable annual vesting schedule; one granted on December 19, 2014 with a 3 year ratable annual vesting schedule; and one granted on February 12, 2015 with a 3 year vesting schedule of 33.33% on February 12, 2016 and 8.33% quarterly thereafter.