Accession Number: | 0001179110-20-008716 |
Date: | 2020-08-01 |
Issuer: | ONESPAN INC. (OSPN) |
Original Submission Date: |
HOYT MARK STEPHEN
121 W. WACKER DRIVE
SUITE 2050
CHICAGO, IL 60601
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature 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 |
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 Exercisable | Expiration 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 |
ID | footnote |
---|---|
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. |