Form Type: 4

SEC EDGAR Link
Accession Number:0001179110-20-008716
Date:2020-08-01
Issuer: ONESPAN INC. (OSPN)
Original Submission Date:

Reporting Person:

HOYT MARK STEPHEN
121 W. WACKER DRIVE
SUITE 2050 CHICAGO, IL 60601

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK, $0.001 PAR VALUE 2020-08-01 M 3,104 a $31.14 76,411 direct
COMMON STOCK, $0.001 PAR VALUE 2020-08-01 F 1,375 d $31.14 75,036 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2020-08-01 deemed execution date M 3,104 (d) common stock 18,624 $0.00 15,520 direct
RESTRICTED STOCK UNITS 0.0 2020-08-01 deemed execution date 0 ( ) common stock 22,399 $0.00 22,399 direct
PERFORMANCE STOCK UNITS 0.0 2020-08-01 deemed execution date 0 ( ) 2022-12-31 common stock 38,397 $0.00 38,397 direct
PERFORMANCE STOCK UNITS 0.0 2020-08-01 deemed execution date 0 ( ) 2021-12-31 common stock 37,246 $0.00 37,246 direct
PERFORMANCE STOCK UNITS 0.0 2020-08-01 deemed execution date 0 ( ) 2020-12-31 common stock 27,945 $0.00 27,945 direct
Footnotes
IDfootnote
f1 the shares were sold to cover tax withholding obligations for the 8/1/20 vest of restricted stock units.
f2 the reporting person received a restricted stock unit grant upon approval of the onespan inc. 2019 omnibus incentive plan (the "2019 plan") at the annual meeting of stockholders of onespan inc. held on june 12, 2019. the 2019 plan was approved by the board on february 1, 2019, subject to stockholder approval. each restricted stock unit represents a contingent right to receive one share of onespan's common stock.
f3 the shares acquired are restricted stock units and vest pro-rata over four years on the semi-annual anniversaries of the grant date.
f4 not applicable.
f5 the reporting person received a restricted stock unit grant on january 15, 2020. each restricted stock unit represents a contingent right to receive one share of onespan's common stock.
f6 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.
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