Steven R. Worth - 15 Jan 2022 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role
General Counsel
Signature
/s/ Steven R. Worth
Issuer symbol
OSPN
Transactions as of
15 Jan 2022
Net transactions value
-$13,497
Form type
4
Filing time
20 Jan 2022, 15:05:23 UTC
Previous filing
06 Jan 2022
Next filing
22 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSPN Common Stock, $0.001 par value Options Exercise $38,968 +2,356 +5.6% $16.54 44,705 15 Jan 2022 Direct
transaction OSPN Common Stock, $0.001 par value Tax liability $13,497 -816 -1.8% $16.54 43,889 15 Jan 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OSPN RestrictedStock Units Options Exercise $38,968 -2,356 -20% $16.54 9,422 15 Jan 2022 CommonStock 11,778 Direct F2, F3, F4
holding OSPN RestrictedStock Units 10,171 15 Jan 2022 CommonStock 10,171 Direct F1, F2, F3
holding OSPN RestrictedStock Units 5,479 15 Jan 2022 CommonStock 5,479 Direct F2, F3, F5
holding OSPN PerformanceStock Units 17,436 15 Jan 2022 CommonStock 17,436 Direct F6
holding OSPN PerformanceStock Units 14,134 15 Jan 2022 CommonStock 14,134 Direct F7
holding OSPN PerformanceStock Units 21,914 15 Jan 2022 CommonStock 21,914 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received a restricted stock unit grant on February 18, 2021. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.
F2 The shares are restricted stock units and vest pro-rata over four years on the semi-annual anniversaries of the grant date.
F3 Not applicable.
F4 The reporting person received a restricted stock unit grant on May 1, 2020. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.
F5 The reporting person received a restricted stock unit grant on June 12, 2019. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.
F6 The reporting person received a performance stock unit grant on February 18, 2021. Each performance stock unit represents a right to receive one share of OneSpan's common stock. Theperformance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.
F7 The reporting person received a performance stock unit grant on February 18, 2021. Each performance stock unit represents a right to receive one share of OneSpan's common stock. Theperformance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.
F8 The reporting person received a performance stock unit grant on August 1, 2019. Each performance stock unit represents a right to receive one share of OneSpan's common stock. Theperformance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.

Remarks:

In total, the reporting person beneficially owns 43,889 non-derivative securities and 78,556 derivative securities.