HERLEY INDUSTRIES INC /NEW 4

4 · HERLEY INDUSTRIES INC /NEW · Filed Jun 15, 2005

Form 4

Period: 2005-06-14

VP Finance/Acting CFO

Transactions

Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2005-06-14$18.05/sh−7,200$129,960→ 4,800 total
Exercise: $13.10Exp: 2007-01-03→ Common Stock (7,200 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2005-06-14$18.05/sh−9,000$162,450→ 3,000 total
Exercise: $8.38Exp: 2006-04-12→ Common Stock (9,000 underlying)
Exercise/Conversion
Common Stock
2005-06-14$10.46/sh+9,000$94,128→ 9,000 total
Exercise/Conversion
Common Stock
2005-06-14$8.77/sh+2,250$19,730→ 2,250 total
Sale
Common Stock
2005-06-14$18.05/sh−2,250$40,613→ 0 total
Exercise/Conversion
Common Stock
2005-06-14$13.10/sh+7,200$94,320→ 7,200 total
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2005-06-14$18.05/sh−2,250$40,613→ 0 total
Exercise: $7.63Exp: 2008-12-10→ Common Stock (2,250 underlying)
Sale
Common Stock
2005-06-14$18.05/sh−9,000$162,450→ 0 total
Sale
Common Stock
2005-06-14$18.05/sh−7,200$129,960→ 0 total

Footnotes (3)

[F1]The stock options vest in five equal annual installments, 20% on the date of grant and 20% per year for the next four years.
[F2]Options are exercisabe 20% per year after 1 year from date of grant
[F3]The stock option becomes exercisable in five equal annual installments, commencing one year after the date of grant.

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