John Bosshart - Dec 1, 2021 Form 4 Insider Report for OneSpan Inc. (OSPN)

Signature
/s/ Steven R. Worth, Attorney in Fact
Stock symbol
OSPN
Transactions as of
Dec 1, 2021
Transactions value $
-$5,055
Form type
4
Date filed
12/7/2021, 05:48 PM
Previous filing
Nov 30, 2021
Next filing
Mar 3, 2022

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 $11.9K +711 +38.16% $16.74 2.57K Dec 1, 2021 Direct
transaction OSPN Common Stock, $0.001 par value Tax liability -$3.48K -208 -8.08% $16.74 2.37K Dec 1, 2021 Direct F1
transaction OSPN Common Stock, $0.001 par value Options Exercise $5.39K +322 +13.61% $16.74 2.69K Dec 1, 2021 Direct
transaction OSPN Common Stock, $0.001 par value Tax liability -$1.57K -94 -3.5% $16.74 2.59K Dec 1, 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 -$11.9K -711 -14.28% $16.74 4.27K Dec 1, 2021 Common Stock 4.98K Direct F4, F5, F6
transaction OSPN Restricted Stock Units Options Exercise -$5.39K -322 -12.48% $16.74 2.26K Dec 1, 2021 Common Stock 2.58K Direct F4, F5, F7
holding OSPN Restricted Stock Units 5.27K Dec 1, 2021 Common Stock 7.9K Direct F2, F3, F4
holding OSPN Restricted Stock Units 1.29K Dec 1, 2021 Common Stock 1.29K Direct F8
* 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 November 23, 2020. Each restricted stock unit represents a contingent right to receive one share of OneSpan Inc.'s common stock.
F3 The shares acquired are restricted stock units and vest pro-rata over two years on the semi-annual anniversaries of the grant date.
F4 Not applicable.
F5 The reporting person received restricted stock unit grants on June 1, 2021. Each restricted stock unit represents a contingent right to receive one share of OneSpan Inc.'s common stock.
F6 The shares acquired are restricted stock units and vest pro-rata over two years on the quarterly anniversaries of the grant date.
F7 The shares acquired are restricted stock units and vest pro-rata over four years on the semi-annual anniversaries of the grant date.
F8 The reporting person received a performance stock unit grant on June 1, 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.