Paul D. Arling - Dec 2, 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)
Stock symbol
UEIC
Transactions as of
Dec 2, 2022
Transactions value $
-$1,205,044
Form type
4
Date filed
12/5/2022, 05:52 PM
Previous filing
Nov 14, 2022
Next filing
Feb 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UEIC Common Stock Options Exercise $1.11M +57.8K +24.17% $19.25 297K Dec 2, 2022 By Trust - See Footnote #2 F1, F2
transaction UEIC Common Stock Tax liability -$1.21M -52.6K -17.72% $22.90 244K Dec 2, 2022 By Trust - See Footnote #2 F2, F3
holding UEIC Common Stock 1.8K Dec 2, 2022 Direct
holding UEIC Common Stock 1K Dec 2, 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 -$1.11M -57.8K -13.58% $19.25 368K Dec 2, 2022 Common 57.8K $19.25 Direct F1
holding UEIC Restricted Stock Units 40.7K Dec 2, 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.