Eric Singer - 01 Jan 2024 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: UEIC
Reported as of: 01 Jan 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 Jan 2024, 16:58:03 UTC
Prior SEC filing: 02 Oct 2023
Next SEC filing: 02 Apr 2024
Source filing: View source filing
Reporting owner signature: /s/ Eric Singer

Key filing fact

Eric Singer filed Form 4 for UNIVERSAL ELECTRONICS INC (UEIC) on 03 Jan 2024.

Key facts

This page summarizes Eric Singer's Form 4 filing for UNIVERSAL ELECTRONICS INC (UEIC).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Jan 2024, 16:58.

Change

Previous filing in this sequence was filed on 02 Oct 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UEIC transaction

Common Stock

Award

Transaction value: $0
Shares: +153
Change %
Price: $0.000000
Shares after: 153
Date: 01 Jan 2024
Ownership: Direct
Footnotes: F1, F2, F3

UEIC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,544,647
Date: 01 Jan 2024
Ownership: By Group
Footnotes: F1, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UEIC transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +2,500
Change %
Price: $0.000000
Shares after: 2,500
Date: 01 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price
Footnotes: F5, F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

This Form 4 is filed jointly by Eric Singer, Toro 18 Holdings LLC ("Toro 18"), Immersion Corporation ("Immersion") and William C. Martin (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934 that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Mr. Singer is also a member of the board of directors of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

Footnote F2

Shares of the Issuer's Common Stock awarded on January 1, 2024 to Mr. Singer as pro rata director compensation, which shares are owned directly by Mr. Singer.

Footnote F3

Shares of the Issuer's Common Stock owned directly by Mr. Singer.

Footnote F4

Shares of the Issuer's Common Stock owned directly by Toro 18. Immersion, as the sole member of Toro 18, may be deemed to beneficially own the shares owned directly by Toro 18. Mr. Martin, as the Chief Strategy Officer of Toro 18, may be deemed to beneficially own the shares owned directly by Toro 18. Mr. Singer, as the President and Chief Executive Officer of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18.

Footnote F5

Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.

Footnote F6

Restricted stock units awarded on January 1, 2024 to Mr. Singer as pro rata director compensation and generally vest and are paid quarterly over a period ending July 1, 2024, which restricted units are owned directly by Mr. Singer.

Footnote F7

Restricted Stock Units owned directly by Mr. Singer.