David Cheung Hyen Chong - 22 Feb 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)
Issuer symbol
UEIC
Transactions as of
22 Feb 2022
Net transactions value
$0
Form type
4
Filing time
28 Feb 2022, 17:49:45 UTC
Previous filing
15 Feb 2022
Next filing
17 Mar 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 +976 +6% 17,321 25 Feb 2022 Direct F1
holding UEIC Common Stock 5,112 22 Feb 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 +6,447 +91% $0.000000 13,563 22 Feb 2022 Common Stock 6,447 Direct F1, F3
transaction UEIC Restricted Stock Units Options Exercise $0 -976 -7.2% $0.000000 12,587 25 Feb 2022 Common Stock 976 Direct F1, F4
holding UEIC Employee Stock Options (Rt To Buy) 58,205 22 Feb 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.