0001437749-17-013582.txt : 20170802
0001437749-17-013582.hdr.sgml : 20170802
20170802161818
ACCESSION NUMBER: 0001437749-17-013582
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170731
FILED AS OF DATE: 20170802
DATE AS OF CHANGE: 20170802
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: 171000147
MAIL ADDRESS:
STREET 1: 5 SHENKAR STREET
CITY: HERZELIYA
STATE: L3
ZIP: 46120
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
4
1
rdgdoc.xml
FORM 4
X0306
4
2017-07-31
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
2017-07-31
4
M
0
15000
7.49
A
169060
D
Common Stock
2017-07-31
4
D
0
9063
12.40
D
159997
D
Common Stock
2017-07-31
4
S
0
5937
12.1793
D
154060
D
Stock Appreciation Right
7.49
2017-07-31
4
M
0
15000
0
D
2018-01-31
Common Stock
10000
0
D
This represents the difference between the number of SARs exercised (15,000) and the number of shares issued as a result of the exercise (5,937). 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 ($12.40) 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 $12.14 to $12.45, 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, 85,438 vested RSUs, and 64,562 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, 10,000 shares represents the maximum number of underlying shares of common stock that may be received upon exercise.
/s/ Dror Levy
2017-08-02