Steven Worth - Aug 25, 2021 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role
Interim CEO / General Counsel
Signature
/s/ Steven R. Worth
Stock symbol
OSPN
Transactions as of
Aug 25, 2021
Transactions value $
$0
Form type
4
Date filed
9/1/2021, 05:25 PM
Previous filing
Aug 23, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OSPN Common Stock, $0.001 par value 33.5K Aug 25, 2021 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 Performance Stock Units Award $0 +15K $0.00 15K Aug 23, 2021 Common Stock 15K Direct F6
holding OSPN Restricted Stock Units 10.2K Aug 25, 2021 Common Stock 11.6K Direct F1, F2, F3
holding OSPN Restricted Stock Units 11.8K Aug 25, 2021 Common Stock 14.1K Direct F2, F3, F4
holding OSPN Restricted Stock Units 7.31K Aug 25, 2021 Common Stock 7.31K Direct F2, F3, F5
holding OSPN Performance Stock Units 17.4K Aug 25, 2021 Common Stock 17.4K Direct F7
holding OSPN Performance Stock Units 14.1K Aug 25, 2021 Common Stock 14.1K Direct F8
holding OSPN Performance Stock Units 21.9K Aug 25, 2021 Common Stock 21.9K Direct F9
* 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 August 23, 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.
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 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.
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 97,738 derivative securities.