Steven R. Worth - 18 Aug 2021 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role
Interim CEO / General Counsel
Signature
/s/ Steven R. Worth
Issuer symbol
OSPN
Transactions as of
18 Aug 2021
Net transactions value
-$12,120
Form type
4
Filing time
23 Aug 2021, 17:47:41 UTC
Previous filing
11 Aug 2021
Next filing
01 Sep 2021
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 $27,345 +1,453 +4.4% $18.82 34,136 18 Aug 2021 Direct
transaction OSPN Common Stock, $0.001 par value Tax liability $12,120 -644 -1.9% $18.82 33,492 18 Aug 2021 Direct F1

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 Restricted Stock Units Options Exercise $27,345 -1,453 -12% $18.82 10,171 18 Aug 2021 Common Stock 11,624 Direct F2, F3, F4
holding OSPN Restricted Stock Units 11,778 18 Aug 2021 Common Stock 14,133 Direct F3, F4, F5
holding OSPN Restricted Stock Units 7,305 18 Aug 2021 Common Stock 7,305 Direct F3, F4, F6
holding OSPN Performance Stock Units 17,436 18 Aug 2021 Common Stock 17,436 Direct F7
holding OSPN Performance Stock Units 14,134 18 Aug 2021 Common Stock 14,134 Direct F8
holding OSPN Performance Stock Units 21,914 18 Aug 2021 Common Stock 21,914 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were sold to cover tax withholding obligations for the vest of restricted stock units.
F2 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.
F3 The shares are restricted stock units and vest pro-rata over four years on the semi-annual anniversaries of the grant date.
F4 Not applicable.
F5 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.
F6 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.
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. The performance 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 June 1, 2020. Each performance stock unit represents a right to receive one share of OneSpan's common stock. The performance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.
F9 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. The performance 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 33,492 non-derivative securities and 82,738 derivative securities.