McCrosson Douglas 4
4 · CPI AEROSTRUCTURES INC · Filed Apr 2, 2019
Insider Transaction Report
Form 4
McCrosson Douglas
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2019-03-29$6.70/sh−24,628$165,008→ 102,294 total - Disposition to Issuer
Common Stock
2019-04-02−13,678→ 88,616 total - Award
Common Stock
2019-04-02+42,009→ 130,625 total - Exercise/Conversion
Common Stock
2019-03-29$6.60/sh+25,000$165,000→ 126,922 total - Tax Payment
Common Stock
2019-04-02$6.53/sh−4,528$29,568→ 126,097 total - Exercise/Conversion
Employee Stock Option (right to buy)
2019-03-29+25,000→ 0 totalExercise: $6.60Exp: 2019-03-31→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Represents the forfeiture of performance-based restricted stock originally granted to the reporting person on August 2, 2016, March 1, 2017, and March 21, 2018, which were eligible to vest based on certian financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On April 2, 2019, the Company determined that, based on the Company's performance over the applicable performance period, an aggregate of 13,678 shares would be forfeited.
- [F2]Represents shares withheld to satisfy tax obligations.
- [F3]The option is exercisable with respect to 8,333 shares on April 1, 2010, with respect to an additional 8,333 shares on April 1, 2011, and with respect to the remaining 8,334 shares on April 1, 2012.