Key facts
- This page summarizes Cynthia Paul's Form 4 filing for DSP GROUP INC /DE/.
- 5 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 02 Dec 2021, 17:17.
Cynthia Paul - 02 Dec 2021 Form 4 Insider Report for DSP GROUP INC /DE/
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 02 Dec 2021
- Net transaction value
- -$12,456,576
- SEC form
- 4
- Accepted by SEC
- 02 Dec 2021, 17:17:55 UTC
- Next SEC filing
- 13 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Cynthia Paul
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Cynthia Paul filed Form 4 for DSP GROUP INC /DE/ on 02 Dec 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$12,456,576.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
DSPG
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $133,408
- Shares
- -6,064
- Change %
- -100%
- Price
- $22.00
- Shares after
- 0
- Date
- 02 Dec 2021
- Ownership
- Direct
- Footnotes
- F1
DSPG
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $405,240
- Shares
- -18,420
- Change %
- -100%
- Price
- $22.00
- Shares after
- 0
- Date
- 02 Dec 2021
- Ownership
- Direct
- Footnotes
- F2
DSPG
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $9,588,766
- Shares
- -435,853
- Change %
- -100%
- Price
- $22.00
- Shares after
- 0
- Date
- 02 Dec 2021
- Ownership
- By Lynrock Lake LP
- Footnotes
- F3, F4
DSPG
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $2,329,162
- Shares
- -105,871
- Change %
- -100%
- Price
- $22.00
- Shares after
- 0
- Date
- 02 Dec 2021
- Ownership
- By Lynrock Lake Master Fund LP
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
DSPG
transaction
Derivative
Stock Option (Right to Buy)
Disposed to Issuer
- Transaction value
- $0
- Shares
- -6,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 02 Dec 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 6,000
- Exercise price
- $11.75
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Cynthia Paul is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
The amount reported represents the number of shares of Issuer common stock subject to the Issuer RSU awards held by Ms. Paul, each of which will be accelerated, fully vested and canceled as of immediately prior to the Effective Time of the merger in exchange for an amount in cash equal to the product obtained by multiplying (1) the aggregate number of shares of Issuer common stock subject to the Issuer RSU award by (2) the merger consideration of $22.00 per share.
Footnote F2
Represents 18,420 shares outstanding.
Footnote F3
Represents an aggregate of 541,724 shares outstanding held indirectly through partnerships.
Footnote F4
The reporting person is a general partner of the partnership that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.
Footnote F5
Options vest in full and become exercisable as to 100% of the shares subject to the option award on the first anniversary of the date of grant. This option is being canceled as of immediately prior to the Effective Time of the Merger in exchange for an amount in cash equal to the product obtained by multiplying (1) the aggregate number of shares of Issuer common stock subject to the option award by (2) the difference between the exercise price of the option and the merger consideration of $22.00 per share.
SEC remarks
This Form 4 reports securities disposed of under the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated August 30, 2021, by and among DSP Group, Inc., a Delaware corporation (the "Issuer"), Synaptics Incorporated, a Delaware corporation ("Parent"), and Osprey Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), the Merger Sub will be merged with and into the Issuer, with the Issuer surviving as a wholly-owned subsidiary of the Parent (the "Merger"). A copy of the Merger Agreement is included as Exhibit 2.1 to the Issuer's Form 8-K filed with the SEC on August 30, 2021.