CPI AEROSTRUCTURES INC 4
4 · CPI AEROSTRUCTURES INC · Filed Mar 13, 2017
Insider Transaction Report
Form 4
Palazzolo Vincent
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2017-03-09−2,892→ 37,007 total - Tax Payment
Common Stock
2017-03-09$7.30/sh−1,137$8,300→ 35,870 total
Footnotes (2)
- [F1]Represents the forfeiture of performance-based restricted stock granted to the reporting person on August 2, 2016 that were eligible to vest based on certain financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On March 9, 2017, the Company determined that, based on the Company's performance over the applicable performance period, 2,892 securities would be forfeited.
- [F2]Represents the shares withheld to satisfy tax obligations.