PAUL D. ARLING - 02 Dec 2022 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: 02 Dec 2022
Net transactions value: -$1,205,044
Form type: 4
Filing time: 05 Dec 2022, 17:52:02 UTC
Previous filing: 14 Nov 2022
Next filing: 13 Feb 2023
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	$1,112,361	+57,800	+24%	$19.24	296,927	02 Dec 2022	By Trust - See Footnote #2	F1, F2
transaction	UEIC	Common Stock	Tax liability	$1,205,044	-52,622	-18%	$22.90	244,305	02 Dec 2022	By Trust - See Footnote #2	F2, F3
holding	UEIC	Common Stock						1,800	02 Dec 2022	Direct
holding	UEIC	Common Stock						1,000	02 Dec 2022	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	$1,112,361	-57,800	-14%	$19.24	367,720	02 Dec 2022	Common	57,800	$19.24	Direct	F1
holding	UEIC	Restricted Stock Units						40,658	02 Dec 2022	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 5,178 shares of common stock on net exercise of options to purchase 57,800 shares of common stock. The Company withheld 52,622 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the high/low average stock price on December 2, 2022 of $22.90 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.