Sec Form 4 Filing - Singer Eric @ UNIVERSAL ELECTRONICS INC - 2024-01-01

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Singer Eric
2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL ELECTRONICS INC [ UEIC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O IMMERSION CORPORATION, 2999 N.E. 191ST STREET, SUITE 610
3. Date of Earliest Transaction (MM/DD/YY)
01/01/2024
(Street)
AVENTURA, FL33180
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock ( 1 ) 01/01/2024 A 153 ( 2 ) A $ 0 153 D ( 3 )
Common Stock ( 1 ) 1,544,647 I ( 4 ) By Group
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 5 ) 01/01/2024 A 2,500 ( 6 ) ( 6 ) Common Stock 2,500 $ 0 2,500 D ( 7 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Singer Eric
C/O IMMERSION CORPORATION
2999 N.E. 191ST STREET, SUITE 610
AVENTURA, FL33180
X X
TORO 18 HOLDINGS LLC
2999 N.E. 191ST STREET, SUITE 610
AVENTURA, FL33180
X
IMMERSION CORP
2999 N.E. 191ST STREET, SUITE 610
AVENTURA, FL33180
X
MARTIN WILLIAM C
C/O IMMERSION CORPORATION
2999 N.E. 191ST STREET, SUITE 610
AVENTURA, FL33180
X
Signatures
/s/ Eric Singer 01/03/2024
Signature of Reporting Person Date
Toro 18 Holdings LLC, By: /s/ Eric Singer, President and CEO 01/03/2024
Signature of Reporting Person Date
Immersion Corporation, By: /s/ Eric Singer, President, CEO and Chairman 01/03/2024
Signature of Reporting Person Date
/s/ William C. Martin 01/03/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 4 is filed jointly by Eric Singer, Toro 18 Holdings LLC ("Toro 18"), Immersion Corporation ("Immersion") and William C. Martin (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934 that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Mr. Singer is also a member of the board of directors of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
( 2 )Shares of the Issuer's Common Stock awarded on January 1, 2024 to Mr. Singer as pro rata director compensation, which shares are owned directly by Mr. Singer.
( 3 )Shares of the Issuer's Common Stock owned directly by Mr. Singer.
( 4 )Shares of the Issuer's Common Stock owned directly by Toro 18. Immersion, as the sole member of Toro 18, may be deemed to beneficially own the shares owned directly by Toro 18. Mr. Martin, as the Chief Strategy Officer of Toro 18, may be deemed to beneficially own the shares owned directly by Toro 18. Mr. Singer, as the President and Chief Executive Officer of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18.
( 5 )Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
( 6 )Restricted stock units awarded on January 1, 2024 to Mr. Singer as pro rata director compensation and generally vest and are paid quarterly over a period ending July 1, 2024, which restricted units are owned directly by Mr. Singer.
( 7 )Restricted Stock Units owned directly by Mr. Singer.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.