0001437749-17-018720.txt : 20171108 0001437749-17-018720.hdr.sgml : 20171108 20171108174152 ACCESSION NUMBER: 0001437749-17-018720 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20171106 FILED AS OF DATE: 20171108 DATE AS OF CHANGE: 20171108 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Elyakim Ofer CENTRAL INDEX KEY: 0001455222 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35256 FILM NUMBER: 171187690 MAIL ADDRESS: STREET 1: 5 SHENKAR STREET CITY: HERZELIA 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 2017-11-06 0000915778 DSP GROUP INC /DE/ DSPG 0001455222 Elyakim Ofer 161 S. SAN ANTONIO ROAD, SUITE 10 LOS ALTOS CA 94022 1 1 CEO Common Stock 2017-11-06 4 M 0 33851 7.49 A 573252 D Common Stock 2017-11-06 4 D 0 18851 13.45 D 554401 D Common Stock 2017-11-06 4 S 0 15000 12.86 D 539401 D Common Stock 2017-11-07 4 M 0 26852 7.49 A 566253 D Common Stock 2017-11-07 4 D 0 15591 12.90 D 550662 D Common Stock 2017-11-07 4 S 0 11261 12.74 D 539401 D Stock Appreciation Right 7.49 2017-11-06 4 M 0 33851 0 D 2018-01-31 Common Stock 22567 0 D Stock Appreciation Right 7.49 2017-11-07 4 M 0 26852 0 D 2018-01-31 Common Stock 17901 0 D This represents the difference between the number of SARs exercised (33,851) and the number of shares issued as a result of the exercise (15,000). 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 ($13.45) and the base price ($7.49). The SARs were issued from a plan that will expire in January 2018. This represents the difference between the number of SARs exercised (26,852) and the number of shares issued as a result of the exercise (11,261). 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 ($12.90) and the base price ($7.49). The SARs were issued from a plan that will expire in January 2018. Represents 175,135 shares outstanding, 207,785 vested RSUs, and 156,481 unvested RSUs. 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 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, 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. /s/ Ofer Elyakim 2017-11-08