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UNIVERSAL ELECTRONICS INC — Director's Dealing 2021
Feb 16, 2021
34452_dirs_2021-02-16_49a7e505-0237-4edc-8cb8-c7efc7f51845.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: 2021-02-11
Reporting Person: Ammari Ramzi (Sr.VP Corp Planning & Strategy)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-12 | Common Stock | M | 1985 | — | Acquired | 15097 | Direct |
| 2021-02-12 | Common Stock | F | 1038 | $59.67 | Disposed | 14059 | Direct |
| 2021-02-13 | Common Stock | M | 616 | — | Acquired | 14675 | Direct |
| 2021-02-13 | Common Stock | F | 286 | $59.67 | Disposed | 14389 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-11 | Restricted Stock Units | $ | A | 4625 | Acquired | Common Stock (4625) | Direct | |
| 2021-02-11 | Emp Stock Option (Rt to Buy) | $59.43 | A | 11475 | Acquired | 2028-02-11 | Common Stock (11475) | Direct |
| 2021-02-12 | Restricted Stock Units | $ | D | 1985 | Disposed | Common Stock (1985) | Direct | |
| 2021-02-13 | Restricted Stock Units | $ | D | 616 | Disposed | Common Stock (616) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
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 terms of the Companies applicable Stock Incentive Plan.
F4: Restricted Stock Grant was approved by the Compensation Committee of the Board of Directors on December 18, 2020 and ratified and approved by the Board of Directors on February 11, 2021, and granted on February 11, 2021. The Restricted Stock Units will vest over a 3 year vesting schedule of 33.33% on February 11, 2022, and 8.33% quarterly thereafter.
F5: Stock Option Grant was approved by the Compensation Committee of the Board of Directors on December 18, 2020 and ratified and approved by the Board of Directors on February 11, 2021, and granted on February 11, 2021. The Stock Options will vest over a 3-year vesting schedule of 33.33% on February 11, 2022, and 8.33% quarterly thereafter, and will expire on February 22, 2028.
F6: Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.
F7: The restricted stock units vest in accordance with the vesting schedule of each RSU Grant.