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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Steele James

(Last) (First) (Middle)
C/O AUDIENCE, INC.
331 FAIRCHILD DR.

(Street)
MOUNTAIN VIEW CA 94043

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2015
3. Issuer Name and Ticker or Trading Symbol
AUDIENCE INC [ ADNC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Engineering
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 3,547 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1) (1) Common Stock 50,574 $0.001(2) D
Restricted Stock Unit (3) (3) Common Stock 18,966 $0.001(2) D
Restricted Stock Unit (4) (4) Common Stock 10,000 $0.001(2) D
Explanation of Responses:
1. 1/3rd of the restricted stock unit will vest and become exercisable on July 11, 2015, and 1/3rd of the restricted stock unit will vest and become exercisable annually thereafter provided that the reporting person is a service provider to the Issuer on each such vest date. Shares will be delivered to reporting person on each vest date.
2. Represents par value of ADNC common stock
3. 6,322 of the restricted stock unit will vest and become exercisable on July 11, 2015 and 12,644 of the restricted stock unit will vest and become exercisable on January 11, 2016 provided that the reporting person is a service provider to the Issuer on each vest date. Shares will be delivered to reporting person on each vest date.
4. 25% of the restricted stock unit will vest and become exercisable on August 24, 2015, 25% of the restricted stock unit will vest and become exercisable on February 24, 2016 and 50% of the restricted stock unit will vest and become exercisable on August 24, 2016 provided that the reporting person is a service provider to the Issuer on each such vest date. Shares will be delivered to reporting person on each vest date.
Eric Johnson Atty-in-Fact for James Steele 03/18/2015
** Signature of Reporting Person Date
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 5 (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.