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Filing Details

Accession Number:: 0001437749-15-010500
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-05-18 16:08:30
Reporting Period:: 2015-05-14

Filing Date:: 2015-05-18
Accepted Time:: 2015-05-18 16:08:30
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
915778	Dsp Group Inc	DSPG	Semiconductors & Related Devices (3674)	942683643

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1541321	David Dahan	161 S. San Antonio Road, Suite 10 Los Altos CA 94022	Vp And Coo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-05-14	29,499	$6.16	44,969	No	4	M	Direct
Common Stcok	Disposition	2015-05-14	16,255	$11.18	28,714	No	4	D	Direct
Common Stock	Disposition	2015-05-14	13,244	$11.20	15,470	No	4	S	Direct
Common Stock	Acquisiton	2015-05-15	8,366	$6.16	23,836	No	4	M	Direct
Common Stock	Disposition	2015-05-15	4,602	$11.20	19,234	No	4	D	Direct
Common Stock	Disposition	2015-05-15	3,764	$11.10	15,470	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	D	Direct
No	4	S	Direct
No	4	M	Direct
No	4	D	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Appreciation Right	Disposition	2015-05-14	29,499	$0.00	14,749	$6.16
Common Stock	Stock Appreciation Right	Disposition	2014-05-15	8,366	$0.00	4,183	$6.16

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2019-02-01	No	4	M	Direct
0		2019-02-01	No	4	M	Direct

Footnotes

This represents the difference between the number of SARs exercised (29,499) and the number of shares issued as a result of the exercise (13,244). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date immediately prior to the date the SAR is exercised ($11.18) and the exercise price ($6.16).
This represents the difference between the number of SARs exercised (8,366) and the number of shares issued as a result of the exercise (3,764). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date immediately prior to the date the SAR is exercised ($11.20) and the exercise price ($6.16).
The Stock Appreciation Right vests 25% after 1 year and 6.25% each quarter thereafter.
The Stock Appreciation Right grant is subject to a ceiling such that when the fair market value of the Company's common stock is equal to or greater than two times the base appreciation amount of the stock appreciation right, the portion of the stock appreciation rights that is vested on such date is automatically exercised on the next trading day and the appreciation amount is paid by the issuance of the respective number of shares of the Company's common stock. Therefore, the number of underlying shares of common stock that may be received upon exercise cannot exceed 1/2 of the number of stock appreciation rights granted.