0001437749-17-008157.txt : 20170505 0001437749-17-008157.hdr.sgml : 20170505 20170505161523 ACCESSION NUMBER: 0001437749-17-008157 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170503 FILED AS OF DATE: 20170505 DATE AS OF CHANGE: 20170505 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DSP GROUP INC /DE/ CENTRAL INDEX KEY: 0000915778 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 942683643 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 161 S. SAN ANTONIO ROAD STREET 2: SUITE 10 CITY: LOS ALTOS STATE: CA ZIP: 94022 BUSINESS PHONE: 408-986-4300 MAIL ADDRESS: STREET 1: 161 S. SAN ANTONIO ROAD STREET 2: SUITE 10 CITY: LOS ALTOS STATE: CA ZIP: 94022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Levy Dror CENTRAL INDEX KEY: 0001369160 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35256 FILM NUMBER: 17818546 MAIL ADDRESS: STREET 1: 5 SHENKAR STREET CITY: HERZELIYA STATE: L3 ZIP: 46120 4 1 rdgdoc.xml FORM 4 X0306 4 2017-05-03 0000915778 DSP GROUP INC /DE/ DSPG 0001369160 Levy Dror 161 S. SAN ANTONIO ROAD, SUITE 10 LOS ALTOS CA 94022 1 VP and CFO Common Stock 2017-05-03 4 M 0 5000 7.49 A 159060 D Common Stock 2017-05-03 4 D 0 2996 12.50 D 156064 D Common Stock 2017-05-03 4 S 0 2004 12.50 D 154060 D Common Stock 2017-05-04 4 M 0 25000 7.49 A 179060 D Common Stock 2017-05-04 4 D 0 15042 12.45 D 164018 D Common Stock 2017-05-04 4 S 0 9958 12.4522 D 154060 D Common Stock 7.49 2017-05-03 4 M 0 5000 0 D 2018-01-31 Common Stock 3333 0 D Common Stock 7.49 2017-05-04 4 M 0 25000 0 D 2018-01-31 Common Stock 16667 0 D This represents the difference between the number of SARs exercised (5,000) and the number of shares issued as a result of the exercise (2,004). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date immediately prior to the date the SAR is exercised ($12.50) and the base price ($7.49). This represents the difference between the number of SARs exercised (25,000) and the number of shares issued as a result of the exercise (9,958). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date immediately prior to the date the SAR is exercised ($12.45) and the base price ($7.49). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.45 to $12.55, inclusive. The reporting person undertakes to provide to DSP Group, Inc., any security holder of DSP Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. Represents 4,060 shares outstanding, 80,750 vested RSUs, and 69,250 unvested RSUs. The Stock Appreciation Right vested 25% after 1 year and 6.25% each quarter thereafter. The Stock Appreciation Right grant is subject to a ceiling such that when the fair market value of the Company's common stock is equal to or great than three times the base appreciation amount of the stock appreciation right, the portion of the stock appreciation rights that is vested on such date is automatically exercised on the next trading day and the appreciation amount is paid by the issuance of the respective number of shares of the Company's common stock. Therefore, the number of underlying shares of common stock that may be received upon exercise cannot exceed 2/3 of the number of stock appreciation rights granted. /s/ Dror Levy 2017-05-05