0001179110-12-011760.txt : 20120724 0001179110-12-011760.hdr.sgml : 20120724 20120724193108 ACCESSION NUMBER: 0001179110-12-011760 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120720 FILED AS OF DATE: 20120724 DATE AS OF CHANGE: 20120724 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: YAU SAM CENTRAL INDEX KEY: 0001245443 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21123 FILM NUMBER: 12977587 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SRS LABS INC CENTRAL INDEX KEY: 0001016470 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 330714264 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2909 DAIMIER ST CITY: SANTA ANA STATE: CA ZIP: 92705 BUSINESS PHONE: 9494421070 MAIL ADDRESS: STREET 1: 2909 DAIMLER ST CITY: SANTA ANA STATE: CA ZIP: 92705 4 1 edgar.xml FORM 4 - X0306 4 2012-07-20 1 0001016470 SRS LABS INC SRSL 0001245443 YAU SAM C/O SRS LABS, INC. 2909 DAIMLER STREET SANTA ANA CA 92705 1 0 0 0 Common Stock 2012-07-20 4 D 0 55000 D 0 D Stock Option 2.65 2012-07-20 4 D 0 24000 D 2006-10-02 2012-10-02 Common Stock 24000 0 D Stock Option 3.00 2012-07-20 4 D 0 30000 D 2007-01-02 2013-01-02 Common Stock 30000 0 D Stock Option 6.10 2012-07-20 4 D 0 30000 D 2008-04-09 2014-04-09 Common Stock 30000 0 D Stock Option 5.76 2012-07-20 4 D 0 15000 D 2008-06-22 2015-06-22 Common Stock 15000 0 D Stock Option 5.76 2012-07-20 4 D 0 30000 D 2009-06-22 2015-06-22 Common Stock 30000 0 D Stock Option 5.15 2012-07-20 4 D 0 30000 D 2010-06-22 2016-06-22 Common Stock 30000 0 D Stock Option 10.62 2012-07-20 4 D 0 30000 D 2011-06-20 2017-06-20 Common Stock 30000 0 D Stock Option 5.24 2012-07-20 4 D 0 10000 D 2009-01-02 2018-01-02 Common Stock 10000 0 D Stock Option 6.65 2012-07-20 4 D 0 25000 D 2012-06-18 2018-06-18 Common Stock 25000 0 D Stock Option 6.65 2012-07-20 4 D 0 15000 D 2011-06-18 2018-06-18 Common Stock 15000 0 D Stock Option 5.59 2012-07-20 4 D 0 12500 D 2010-04-09 2019-04-08 Common Stock 12500 0 D Stock Option 6.25 2012-07-20 4 D 0 25000 D 2012-07-20 2019-06-17 Common Stock 25000 0 D Stock Option 7.28 2012-07-20 4 D 0 10000 D 2011-01-05 2020-01-04 Common Stock 10000 0 D Stock Option 8.96 2012-07-20 4 D 0 25000 D 2014-06-21 2020-06-21 Common Stock 25000 0 D Stock Option 8.98 2012-07-20 4 D 0 10000 D 2012-01-03 2021-01-02 Common Stock 10000 0 D Stock Option 8.72 2012-07-20 4 D 0 15000 D 2012-07-20 2021-06-19 Common Stock 15000 0 D Stock Option 8.72 2012-07-20 4 D 0 25000 D 2012-06-20 2021-06-19 Common Stock 25000 0 D Stock Option 5.84 2012-07-20 4 D 0 10000 D 2012-07-20 2022-01-02 Common Stock 10000 0 D Disposed of pursuant to an Agreement and Plan of Merger and Reorganization (the "Merger Agreement"), dated as of April 16, 2012, by and among DTS, Inc. ("DTS"), DTS Merger Sub, Inc., DTS LLC and SRS Labs, Inc. ("SRS"). Pursuant to the terms of the Merger Agreement, SRS stockholders could elect to receive, in exchange for each share of SRS common stock held at the effective time of the Merger, either (i) $9.50 in cash, without interest and less any applicable withholding taxes or (ii) 0.31127 of a share of DTS common stock. Pursuant to the Merger Agreement, each outstanding stock option to purchase shares of SRS common stock automatically became fully vested and exercisable immediately prior to the effective time of the Merger and, as of the effective time of the Merger, was cancelled in exchange for the right to receive a cash payment, without interest and less any applicable withholding taxes, equal to the product of the excess, if any, of (i) $9.50 over the exercise price of each such option and (ii) the number of shares of SRS common stock underlying such option. /s/ Sam Yau 2012-07-24