David Cheung Hyen Chong - Feb 22, 2022 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
Executive Vice President -Asia
Signature
/s/David Cheung Hyen Chong by Valerie J. Ballard, pursuant to Limited Power of Attorney dated May 16, 2013 (attached)
Stock symbol
UEIC
Transactions as of
Feb 22, 2022
Transactions value $
$0
Form type
4
Date filed
2/28/2022, 05:49 PM
Previous filing
Feb 15, 2022
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UEIC Common Stock Options Exercise +976 +5.97% 17.3K Feb 25, 2022 Direct F1
holding UEIC Common Stock 5.11K Feb 22, 2022 See Footnote #2 F2

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 +6.45K +90.6% $0.00 13.6K Feb 22, 2022 Common Stock 6.45K Direct F1, F3
transaction UEIC Restricted Stock Units Options Exercise $0 -976 -7.2% $0.00 12.6K Feb 25, 2022 Common Stock 976 Direct F1, F4
holding UEIC Employee Stock Options (Rt To Buy) 58.2K Feb 22, 2022 Common Stock 0 Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F2 These shares are held in a tax deferred annuity company of which Mr. Chong owns 100% and as to which Mr. Chong disclaims beneficial ownership.
F3 Restricted Stock Grant was issued out of the discretionary pool authorized and 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 finalized and awarded on February 22, 2022. The shares will vest over 3 years on a ratable annual basis.
F4 The restricted stock units vest in accordance with the vesting schedule of each RSU Grant.
F5 Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.
F6 The Exercisable and Expiration Dates were reported at the time the Stock Options were granted.
F7 This figure represents an aggregate number of stock options held by Reporting Person.