GENERAL PHYSICS CORP 4
4 · GENERAL PHYSICS CORP · Filed Feb 10, 1997
Insider Transaction Report
Form 4
Fresne, Donald C.
Director
Transactions
- Other
Common Stock
1999-01-20$4.50/sh+17,001$76,505→ 3,858,793 total - Other
Common Stock
1999-01-23−637,500 - Other
Common Stock
1999-01-23−1,062,500 - Other
Common Stock
1999-01-23−3,858,793
Footnotes (2)
- [1]On January 20, 1997, the Reporting Company received 17,001 shares of General Physics Corporation "GPH") Common Stock pursuant to an agreement between the Reporting Company and GPC.
- [2]On January 24, 1997, National Patent Development Corporation ("NPD"), General Physics Corporation ("GPC") and GPX Acquisition, Inc., a wholly-owned subsidiary of NPD ("GPX") entered into an Agreement and Plan of Merger whereby GPX was merged with and into GPC, with GPC being the surviving corporation the ("Merger"). In connection with the Merger transaction, Five Star Group, Inc. ("FSG") and MXL Industries, Inc. ("MXL") , wholly-owned subsidiaries of NPD, distributed their shares of GPC Common Stock to NPD prior to the effective date of the Merger. The shares of GPC owned by NPD, including those previously owned by FSG and MXL were canceled and retired prior to the effective date of the merger.