Home > Insider Trading > Filing (0001437749-15-009124)

Filing Details

Accession Number:: 0001437749-15-009124
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-05-06 16:35:27
Reporting Period:: 2015-05-04

Filing Date:: 2015-05-06
Accepted Time:: 2015-05-06 16:35:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
915778	Dsp Group Inc	DSPG	Semiconductors & Related Devices (3674)	942683643

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1369160	Dror Levy	161 S. San Antonio Road, Suite 10 Los Altos CA 94022	Vp And Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-05-04	40,000	$7.26	63,625	No	4	M	Direct
Common Stock	Disposition	2015-05-04	25,232	$11.51	38,393	No	4	D	Direct
Common Stock	Disposition	2015-05-04	14,768	$11.49	23,625	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	D	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Appreciation Right	Disposition	2015-05-04	40,000	$0.00	26,667	$7.26

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2017-01-27	No	4	M	Direct

Footnotes

This represents the difference between the number of SARs exercised (40,000) and the number of shares issued as a result of the exercise (14,768). 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 ($11.51) and the exercise price ($7.26).
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.48 to $11.50, 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.
The Stock Appreciation Right vests 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 greater 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.