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$PPIH·4

MFRI INC · Jun 26, 1:54 PM ET

MFRI INC 4

4 · MFRI INC · Filed Jun 26, 2007

Insider Transaction Report

Form 4

Period: 2007-06-25

Vice President

Transactions

Exercise/Conversion
Common Stock
2007-06-25$7.61/sh+2,900$22,069→ 30,900 total
Exercise/Conversion
Common Stock
2007-06-25$2.15/sh+458$985→ 33,983 total
Sale
Common Stock
2007-06-25$27.74/sh−5,983$165,968→ 28,000 total
Exercise/Conversion
Employee stock option (right to buy)
2007-06-25−2,900→ 0 total
Exercise: $7.61From: 2005-12-05Exp: 2015-05-31→ common stock (2,900 underlying)
Exercise/Conversion
Employee stock option (right to buy)
2007-06-25−2,625→ 0 total
Exercise: $2.16Exp: 2012-05-31→ common stock (2,625 underlying)
Exercise/Conversion
Employee stock option (right to buy)
2007-06-25−458→ 0 total
Exercise: $2.15Exp: 2013-05-31→ common stock (458 underlying)
Exercise/Conversion
Common Stock
2007-06-25$2.16/sh+2,625$5,670→ 33,525 total

Footnotes (2)

[F1]the options vested in four equal installments on June 26, 2004, 2005, 2006, 2007
[F2]the options vested in four equal installments on June 27, 2003, 2004, 2005, 2006

Documents

1 file

4
form4ogilvie062507_ex.xmlPrimary