Menno Koopmans - 10 Feb 2022 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
Sr. V.P., Global Sales
Signature
/S/Menno Koopmans by Valerie J. Ballard pursuant to Limited Power of Attorney dated February 3, 2017 (attached)
Issuer symbol
UEIC
Transactions as of
10 Feb 2022
Net transactions value
+$348,487
Form type
4
Filing time
11 Feb 2022, 15:13:25 UTC
Previous filing
15 Nov 2021
Next filing
15 Feb 2022
SEC
View on sec.gov

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 Restricted Stock Units Award $0 +4,340 +54% $0.000000 12,348 10 Feb 2022 Common Stock 4,340 Direct F1, F2
transaction UEIC Emp Stock Option (Rt to Buy) Award $348,487 +10,085 +28% $34.56 45,540 10 Feb 2022 Common Stock 10,085 $34.56 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Grant was approved by the Compensation Committee of the Board of Directors on December 30, 2021 and ratified and approved by the Board of Directors on February 10, 2022, and granted on February 10, 2022. The Restricted Stock Units will vest over a 3 year vesting schedule of 33.33% on February 10, 2023, and 8.33% quarterly thereafter.
F2 Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F3 Stock Option Grant was approved by the Compensation Committee of the Board of Directors on December 30, 2021 and ratified and approved by the Board of Directors on February 10, 2022, and granted on February 10, 2022. The Stock Options will vest over a 3-year vesting schedule of 33.33% on February 10, 2023, and 8.33% quarterly thereafter, and will expire on February 10, 2029.
F4 Exercise Price Determined in accordance with the terms of the Company's applicable Stock Incentive Plan.