Matthew Moynahan - Nov 29, 2021 Form 3 Insider Report for OneSpan Inc. (OSPN)

Role
Chief Executive Officer
Signature
/s/ Steven R. Worth, Attorney in Fact
Stock symbol
OSPN
Transactions as of
Nov 29, 2021
Transactions value $
$0
Form type
3
Date filed
12/13/2021, 06:28 PM
Next filing
Aug 19, 2022

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
holding OSPN Restricted Stock Units Nov 29, 2021 Common Stock 250K Direct F1, F2, F3
holding OSPN Performance Stock Units Nov 29, 2021 Common Stock 250K Direct F4, F5
* 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 November 29, 2021. Each restricted stock unit represents a contingent right to receive one share of OneSpan Inc.'s commonstock
F2 Not applicable.
F3 The shares acquired are restricted stock units and vest pro-rata over four years on the annual anniversaries of the grant date.
F4 The reporting person received a performance stock unit grant on November 29, 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.
F5 The grant is subject to an 18-month vesting period extension if progress toward the performance criteria is partially achieved, as defined by the Compensation Committee of the Board, at the expiration date.