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