Form 4 for OSPN OneSpan Inc.
Accepted 2023-02-27 00:00:00 ET · period of report 2023-02-23 · accession 0001562180-23-001933 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-27 | 2023-02-27 | OSPN | Moynahan Matthew | CEO, Dir | F - Tax | $13.36 | -14.0K | 91.0K | -13% | -$186.4K |
| D | 2023-02-27 | 2023-02-23 | OSPN | Moynahan Matthew | CEO, Dir | M - OptEx | — | +47.5K | 105.0K | +83% | — |
| D | 2023-02-27 | 2023-02-23 | OSPN | Moynahan Matthew | CEO, Dir | M - OptEx | $0.00 | -47.5K | 95.1K | -33% | $0 |
| DM | 2023-02-27 | 2023-02-23 | OSPN | Moynahan Matthew | CEO, Dir | A - Grant | $0.00 | +270.2K | 142.6K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-27 | F | D | 13,953 | $13.36 | 91,044 | D | — | — | |
| 2 | Common | Common Stock | 2023-02-23 | M | A | 47,540 | — | 104,997 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of OSPN common stock. |
| 3 | Derivative | Restricted Stock Units | 2023-02-23 | M | D | 47,540 | $0.00 | 95,082 | D | — · — to — | 47,540 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of OSPN common stock. (F2) On June 23, 2022, the reporting person was granted performance stock units (PSUs) that were eligible to be earned based upon the registrant's achievement of specified financial metrics for 2022. On February 23, 2023, the registrant's Compensation Committee determined that the reporting person had earned 142,622 PSUs based upon the 2022 financial metrics. Effective on February 23, 2023, 1/3 (or 47,540) of the earned PSUs were deemed vested on December 31, 2022 and an additional 1/3 will vest on each of December 31, 2023 and 2024, assuming the reporting person continues to be employed by the registrant on each such date. |
| 4 | Derivative | Restricted Stock Units | 2023-02-23 | A | A | 127,552 | $0.00 | 127,552 | D | — · — to — | 127,552 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of OSPN common stock. (F3) The restricted stock units vest over three years starting on February 23, 2023, with one-third of the shares vesting on February 23, 2024 and one-sixth of the shares vesting every six months thereafter. |
| 5 | Derivative | Restricted Stock Units | 2023-02-23 | A | A | 142,622 | $0.00 | 142,622 | D | — · — to — | 142,622 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of OSPN common stock. (F2) On June 23, 2022, the reporting person was granted performance stock units (PSUs) that were eligible to be earned based upon the registrant's achievement of specified financial metrics for 2022. On February 23, 2023, the registrant's Compensation Committee determined that the reporting person had earned 142,622 PSUs based upon the 2022 financial metrics. Effective on February 23, 2023, 1/3 (or 47,540) of the earned PSUs were deemed vested on December 31, 2022 and an additional 1/3 will vest on each of December 31, 2023 and 2024, assuming the reporting person continues to be employed by the registrant on each such date. |