HIRSHAUT YASHAR 4
4 · HI TECH PHARMACAL CO INC · Filed Jan 31, 2006
Insider Transaction Report
Form 4
HIRSHAUT YASHAR
Director
Transactions
- Exercise/Conversion
Common Stock
2006-01-13$2.06/sh+1,500$3,083→ 13,500 total - Sale
Common Stock
2006-01-13$28.60/sh−1,500$42,900→ 12,000 total - Exercise/Conversion
Stock Option (Right to Buy)
2006-01-13$2.06/sh−1,500$3,083→ 750 totalExercise: $2.06From: 1997-10-26Exp: 2006-10-26→ Common Stock (1,500 underlying)
Footnotes (5)
- [F1]The number of shares has been adjusted to reflect Hi-Tech Pharmacal Co.,'s recent 3-for-2 stock split which was distributed on January 11, 2006 to shareholders of record on December 30, 2005.
- [F2]Stock Option granted under Hi-Tech Pharmacal Co., Inc.'s Director's Stock Option Plan.
- [F3]The exercise price has been adjusted to reflect Hi-Tech Pharmacal Co.,'s recent 3-for-2 stock split which was distributed on January 11, 2006 to shareholders of record on December 30, 2005.
- [F4]The option became exercisable in four equal annual installments beginning on the first anniversary of the grant date.
- [F5]Other than the option to acquire 750 shares reflected on this form as still owned by Dr. Hirshaut following the transaction, Dr. Hirshaut is also the holder of additional options to acquire 90,000 shares of Hi-Tech Common Stock (as adjusted for 3-for-2 stock split noted above), which options were granted on various dates, with various exercise prices, exercise dates and expiration dates.