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UNIVERSAL ELECTRONICS INC — Director's Dealing 2022
Dec 5, 2022
34452_dirs_2022-12-05_730e02f5-83fc-4210-9c15-85b9baaa96cc.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: 2022-12-02
Reporting Person: Hackworth Bryan M (SVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-12-02 | Common Stock | M | 22000 | $19.245 | Acquired | 74823 | Direct |
| 2022-12-02 | Common Stock | F | 20338 | $22.90 | Disposed | 54485 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-12-02 | Employee Stock Option (Rt to Buy) | $19.245 | M | 22000 | Disposed | 2023-02-13 | Common (22000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (0) | 11325 | Direct |
Footnotes
F1: Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.
F2: Represents a "net exercise" of outstanding stock options. The reporting person received 1,662 shares of common stock on net exercise of options to purchase 22,000 shares of common stock. The Company withheld 20,338 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the high/low average stock price on December 2, 2022 of $22.90, pursuant to the terms of the applicable Stock Incentive Plan.
F3: Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F4: The restricted stock units vest in accordance with the vesting schedule of each RSU Grant and were reported at the time the grant(s) were issued.
F5: This figure represents an aggregate number of outstanding restricted stock units held by Reporting Person.