Ramzi Ammari - 09 Feb 2023 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Signature
/s/Ramzi Ammari, by Valerie J. Ballard, pursuant to Limited Power of Attorney dated January 22, 2020
Issuer symbol
UEIC
Transactions as of
09 Feb 2023
Net transactions value
+$800,405
Form type
4
Filing time
13 Feb 2023, 17:16:43 UTC
Previous filing
14 Nov 2022
Next filing
14 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UEIC Common Stock 19,669 09 Feb 2023 Direct

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 +14,135 +136% $0.000000 24,516 09 Feb 2023 Common Stock 14,135 Direct F1, F2
transaction UEIC Emp Stock Option (Rt to Buy) Award $800,405 +32,320 +50% $24.76 97,280 09 Feb 2023 Common Stock 32,320 $24.76 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 January 30, 2023 and ratified and approved by the Board of Directors on February 9, 2023, and granted on February 9, 2023. The Restricted Stock Units will vest over a 3 year vesting schedule of 33.33% on February 9, 2024, 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 January 30, 2023 and ratified and approved by the Board of Directors on February 9, 2023, and granted on February 9, 2023. The Stock Options will vest over a 3-year vesting schedule of 33.33% on February 9, 2024, and 8.33% quarterly thereafter, and will expire on February 9, 2030.
F4 Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.