SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Skaaden Geir

(Last) (First) (Middle)
C/O DTS, INC.
5220 LAS VIRGENES ROAD

(Street)
CALABASAS CA 91302

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/13/2014
3. Issuer Name and Ticker or Trading Symbol
DTS, INC. [ DTSI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP Corp Bus Dev
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 344(1) D
Common Stock 375(2) D
Common Stock 1,141(3) D
Common Stock 203(4) D
Common Stock 2,104(5) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 11/11/2009 11/11/2019 Common Stock 3,210 $29.5 D
Stock Option (Right to Buy) (6) 02/18/2020 Common Stock 4,538 $26.26 D
Stock Option (Right to Buy) (7) 02/16/2021 Common Stock 4,580 $46.35 D
Stock Option (Right to Buy) (8) 02/15/2022 Common Stock 8,581 $27.49 D
Stock Option (Right to Buy) (9) 05/09/2022 Common Stock 1,525 $28.93 D
Stock Option (Right to Buy) (10) 02/13/2023 Common Stock 11,865 $19.75 D
Explanation of Responses:
1. These restricted stock units ("RSUs") represent the outstanding number of shares of the previously granted 1,375 RSUs which began vesting in four equal annual instalments commencing on February 15, 2011.
2. These RSUs represent the outstanding number of shares of the previously granted 750 RSUs which began vesting in four equal annual instalments commencing on February 15, 2012.
3. These RSUs represent the outstanding number of shares of the previously granted 1,521 RSUs which began vesting in four equal annual instalments commencing on February 15, 2013.
4. These RSUs represent the outstanding number of shares of the previously granted 270 RSUs which began vesting in four equal annual instalments commencing on May 9, 2013.
5. These RSUs vest in four equal annual installments commencing on February 13, 2014.
6. This option represents the outstanding number of shares of a previously granted option to purchase 6,050 shares, which began vesting and became exercisable in four equal annual instalments commencing on February 18, 2011.
7. This option vests and becomes exercisable in four equal annual installments commencing on February 16, 2012.
8. This option vests and becomes exercisable in four equal annual installments commencing on February 15 2013.
9. This option vests and becomes exercisable in four equal annual installments commencing on May 9, 2013.
10. This option vests and becomes exercisable in four equal annual installments commencing on February 13, 2014.
/s/ Geir Skaaden 02/18/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.