MOLINO JOSEPH A JR 4
4 · P&F INDUSTRIES INC · Filed Jun 23, 2022
Insider Transaction Report
Form 4
MOLINO JOSEPH A JR
Vice President, COO & CFO
Transactions
- Tax Payment
Class A Common Stock
2022-06-21$5.65/sh−34,646$195,750→ 101,971 total - Exercise/Conversion
Stock Option (right to buy)
2022-06-21−41,809→ 0 totalExercise: $4.74Exp: 2022-06-21→ Class A Common Stock (41,809 underlying) - Exercise/Conversion
Class A Common Stock
2022-06-21$4.74/sh+41,809$198,175→ 136,617 total
Footnotes (2)
- [F1]Represents the number of shares withheld by the Issuer to satisfy a portion of the exercise price and tax withholding and remittance obligations in connection with the net settlement of options and does not represent a sale by the reporting person.
- [F2]Option was originally granted on June 22, 2012 as follows: 40,000 shares with an exercise price of $4.95 per share. Such option became fully vested and exercisable on June 22, 2015. As a result of a special cash dividend paid to stockholders of the Issuer in April 2016, in accordance with the terms of the Issuer's stock option plans and applicable Internal Revenue Code rules, the number of options held by all of Issuer's option holders and the exercise price of such options were equitably adjusted.