NATIONAL PATENT DEVELOPMENT CORP 4
4 · NATIONAL PATENT DEVELOPMENT CORP · Filed Aug 8, 1997
Insider Transaction Report
Form 4
GLASHOW SHELDON L
Director
Transactions
- Other
Common Stock
1997-07-01$7.81/sh+95$742→ 95 total - Award
Employee Stock Option (Right to Buy)
1997-07-01+95Exercise: $7.81→ Common Stock (95 underlying)
Footnotes (2)
- [1]Acquisition on 7/1/97 of 95 shares of National Patent Common Stock at a price of $7.8125 per share, the closing price on the American Stock Exchnage, Inc. on 6/30/97, pursuant to the provisions of Section 2.1(c)(1) of the Agreement and Plan of Merger among the Issuer, General Physics Corporation and GPX Acquisition, Inc. dated as of 11/19/96 and amended on 12/12/96.
- [2]The number of derivitive securities is not determinable at this time because the number of securities that might be issued is dependent upon a formula based on the last business day before 7/1/98 and 7/1/99.