Steven R. Worth - 31 Dec 2021 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role
General Counsel
Signature
/s/ Steven R. Worth
Issuer symbol
OSPN
Transactions as of
31 Dec 2021
Net transactions value
-$121,332
Form type
4
Filing time
06 Jan 2022, 18:52:05 UTC
Previous filing
16 Dec 2021
Next filing
20 Jan 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 $253,950 +15,000 +43% $16.93 49,509 31 Dec 2021 Direct
transaction OSPN Common Stock, $0.001 par value Tax liability $112,500 -6,645 -13% $16.93 42,864 31 Dec 2021 Direct
transaction OSPN Common Stock, $0.001 par value Tax liability $8,832 -515 -1.2% $17.15 42,349 04 Jan 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 Options Exercise $253,950 -15,000 -100% $16.93 0 31 Dec 2021 Common Stock 15,000 Direct F6
holding OSPN Restricted Stock Units 10,171 31 Dec 2021 Common Stock 10,171 Direct F1, F2, F3
holding OSPN Restricted Stock Units 11,778 31 Dec 2021 Common Stock 11,778 Direct F2, F3, F4
holding OSPN Restricted Stock Units 5,479 31 Dec 2021 Common Stock 5,479 Direct F2, F3, F5
holding OSPN Performance Stock Units 17,436 31 Dec 2021 Common Stock 17,436 Direct F7
holding OSPN Performance Stock Units 14,134 31 Dec 2021 Common Stock 14,134 Direct F8
holding OSPN Performance Stock Units 21,914 31 Dec 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 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 criteria established by the Compensation Committee of the Board was met and the stock units cliff vested at the expiration date.
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 42,349 non-derivative securities and 80,912 derivative securities.