GENERAL PHYSICS CORP 4
4 · GENERAL PHYSICS CORP · Filed Feb 7, 1997
Insider Transaction Report
Form 4
Feldman Jerome I
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
1997-01-24$4.75/sh−2,100$9,975 - Other
Employee Stock Option
1997-01-23→ 60,000 totalExercise: $2.45→ Employee Stock Option (40,000 underlying)
Footnotes (1)
- [1]Pursuant to the terms of the Agreement and Plan of Merger between National Patent Development Corporation (NPD) and General Physics Corporation (GPC) dated November 19, 1996, and amended on December 17, 1996, NPD agreed to purchase, prior to the effective date of the merger, 1/24/97, all stock options held by each employee, officer and dirctor of GPC which would vest by their terms prior to or at the effective date of the merger. Holders of vested stock options received cash in an amount equal to $5.20 per share less the exercise price of the stock option.ownership