Steven R. Worth - 01 Mar 2022 Form 4 Insider Report for OneSpan Inc. (OSPN)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
03 Mar 2022, 08:13:05 UTC
Prior SEC filing
22 Feb 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Steven R. Worth

Key filing fact

Steven R. Worth filed Form 4 for OneSpan Inc. (OSPN) on 03 Mar 2022.

Key facts

  • This page summarizes Steven R. Worth's Form 4 filing for OneSpan Inc. (OSPN).
  • 3 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 03 Mar 2022, 08:13.

Change

  • Previous filing in this sequence was filed on 22 Feb 2022.
  • Current net transaction value: -$197,573.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OSPN transaction

Common Stock, $0.001 par value

Options Exercise

Transaction value
$244,859
Shares
+14,463
Change %
+32%
Price
$16.93
Shares after
59,302
Date
01 Mar 2022
Ownership
Direct
OSPN transaction

Common Stock, $0.001 par value

Tax liability

Transaction value
$71,428
Shares
-4,219
Change %
-7.1%
Price
$16.93
Shares after
55,083
Date
01 Mar 2022
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OSPN transaction Derivative

Performance Stock Units

Options Exercise

Transaction value
$371,004
Shares
-21,914
Change %
-100%
Price
$16.93
Shares after
0
Date
01 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
21,914
Exercise price
Footnotes
F8
OSPN holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,718
Date
01 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,718
Exercise price
Footnotes
F1, F2, F3
OSPN holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
9,422
Date
01 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
9,422
Exercise price
Footnotes
F2, F3, F4
OSPN holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,479
Date
01 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,479
Exercise price
Footnotes
F2, F3, F5
OSPN holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
17,436
Date
01 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
17,436
Exercise price
Footnotes
F6
OSPN holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
14,134
Date
01 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
14,134
Exercise price
Footnotes
F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

The reporting person received a restricted stock unit grant on February 18, 2021. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.

Footnote F2

The shares are restricted stock units and vest pro-rata over four years on the semi-annual anniversaries of the grant date.

Footnote F3

Not applicable.

Footnote F4

The reporting person received a restricted stock unit grant on May 1, 2020. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.

Footnote F5

The reporting person received a restricted stock unit grant on June 12, 2019. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.

Footnote F6

The reporting person received a performance stock unit grant on February 18, 2021. Each performance stock unit represents a right to receive one share of OneSpan's common stock. The performance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.

Footnote F7

The reporting person received a performance stock unit grant on February 18, 2021. Each performance stock unit represents a right to receive one share of OneSpan's common stock. The performance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.

Footnote F8

The reporting person received a performance stock unit grant on August 1, 2019. Each performance stock unit represents a right to receive one share of OneSpan's common stock. It was determined on March 1, 2022 that the performance criteria established by the Compensation Committee of the Board were partially met, and the stock units cliff vested.

SEC remarks

In total, the reporting person beneficially owns 55,083 non-derivative securities and 55,189 derivative securities.

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