PAUL D. ARLING - 28 Dec 2021 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
CEO, Director
Signature
/s/Paul D. Arling, by Richard A. Firehammer, Jr., pursuant to Limited Power of Attorney dated January 22, 2003 (attached)
Issuer symbol
UEIC
Transactions as of
28 Dec 2021
Net transactions value
-$968,048
Form type
4
Filing time
29 Dec 2021, 17:29:09 UTC
Previous filing
15 Nov 2021
Next filing
11 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UEIC Common Stock Options Exercise $646,737 +32,200 +15% $20.08 251,964 28 Dec 2021 By Trust - See Footnote #2 F1, F2
transaction UEIC Common Stock Tax liability $968,048 -23,522 -9.3% $41.16 228,442 28 Dec 2021 By Trust - See Footnote #2 F2, F3
holding UEIC Common Stock 1,800 28 Dec 2021 Direct
holding UEIC Common Stock 1,000 28 Dec 2021 By Spouse

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 UEIC Employee Stock Option (Rt to Buy) Options Exercise $646,737 -32,200 -7.7% $20.08 387,205 28 Dec 2021 Common 32,200 $20.08 Direct F1
holding UEIC Restricted Stock Units 30,163 28 Dec 2021 Common Stock 0 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.
F2 These shares are held by the Arling Family Trust. Reporting person disclaims ownership of the shares.
F3 Represents a "net exercise" of outstanding stock options. The reporting person received 8,678 shares of common stock on net exercise of options to purchase 32,200 shares of common stock. The Company withheld 23,522 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on December 28, 2021 of $41.155 pursuant to the terms of the applicable Stock Incentive Plan.
F4 Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F5 The restricted stock units vest in accordance with the vesting schedule of each RSU Grant and were reported at the time the grant(s) were issued.
F6 This figure represents an aggregate number of outstanding restricted stock units held by Reporting Person.