Steven Worth - Feb 18, 2022 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role
General Counsel
Signature
/s/ Steven R. Worth
Stock symbol
OSPN
Transactions as of
Feb 18, 2022
Transactions value $
-$8,058
Form type
4
Date filed
2/22/2022, 05:13 PM
Previous filing
Jan 20, 2022
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 $23.3K +1.45K +3.31% $16.02 45.3K Feb 18, 2022 Direct
transaction OSPN Common Stock, $0.001 par value Tax liability -$8.06K -503 -1.11% $16.02 44.8K Feb 18, 2022 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 Restricted Stock Units Options Exercise -$23.3K -1.45K -14.29% $16.02 8.72K Feb 18, 2022 Common Stock 10.2K Direct F1, F2, F3
holding OSPN Restricted Stock Units 9.42K Feb 18, 2022 Common Stock 9.42K Direct F2, F3, F4
holding OSPN Restricted Stock Units 5.48K Feb 18, 2022 Common Stock 5.48K Direct F2, F3, F5
holding OSPN Performance Stock Units 17.4K Feb 18, 2022 Common Stock 17.4K Direct F6
holding OSPN Performance Stock Units 14.1K Feb 18, 2022 Common Stock 14.1K Direct F7
holding OSPN Performance Stock Units 21.9K Feb 18, 2022 Common Stock 21.9K Direct F8
* 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 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.
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 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 44,839 non-derivative securities and 77,103 derivative securities.