0001437749-15-016029.txt : 20150817 0001437749-15-016029.hdr.sgml : 20150817 20150817215824 ACCESSION NUMBER: 0001437749-15-016029 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150813 FILED AS OF DATE: 20150817 DATE AS OF CHANGE: 20150817 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: Dahan David CENTRAL INDEX KEY: 0001541321 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35256 FILM NUMBER: 151060094 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 2015-08-13 0000915778 DSP GROUP INC /DE/ DSPG 0001541321 Dahan David 161 S. SAN ANTONIO ROAD, SUITE 10 LOS ALTOS CA 94022 1 VP and COO Common Stock 2015-08-13 4 M 0 3750 6.16 A 19220 D Common Stock 2015-08-13 4 D 0 2587 8.93 D 16633 D Common Stock 2015-08-13 4 S 0 1163 9.04 D 15470 D Common Stock 2015-08-13 4 S 0 6335 9.07 D 9135 D Common Stock 2015-08-14 4 M 0 15000 A 24135 D Common Stock 2015-08-14 4 S 0 7626 9.04 D 16509 D Common Stock 2015-08-14 4 S 0 4527 9.07 D 11982 D Stock Appreciation Right 6.16 2014-08-13 4 M 0 3750 0 D 2019-02-01 Common Stock 3750 0 D Restricted Stock Unit 2015-08-14 4 M 0 15000 0 D Common Stock 15000 0 D This represents the difference between the number of SARs exercised (3,750) and the number of shares issued as a result of the exercise (2,587). 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 ($8.93) and the exercise price ($6.16). Restricted stock units convert into common stock on a one-for-one basis. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.00 to $9.05, exclusive of any fees, commissions or other expenses. The Reporting Persons undertake to provide DSP Group, Inc., any stockholder of DSP Group, Inc., or the Staff of the Securities and Exchange Commission (the "SEC"), 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. Includes shares that were acquired under the DSP Group, Inc. Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c). 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 two 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 1/2 of the number of stock appreciation rights granted. Each restricted stock unit represents a contingent right to receive one share of DSP Group, Inc. common stock. The restricted stock units were acquired under the 2012 Equity Incentive Plan and will be 100% fully vested on 8/14/2015 These shares that were acquired under the DSP Group, Inc. Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.05 to $9.13, exclusive of any fees, commissions or other expenses. The Reporting Persons undertake to provide DSP Group, Inc., any stockholder of DSP Group, Inc., or the Staff of the Securities and Exchange Commission (the "SEC"), 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. /s/ David Dahan 2015-08-17