MELNICK ROBERT J 4
4 · TEL INSTRUMENT ELECTRONICS CORP · Filed Dec 18, 2009
Insider Transaction Report
Form 4
MELNICK ROBERT J
Director
Transactions
- Award
Stock Option (Right to Buy)
2009-12-16+1,000→ 11,000 totalExercise: $4.80From: 2010-12-16Exp: 2014-12-16→ Common Stock (1,000 underlying) - Disposition to Issuer
Stock Option
2009-12-08−1,000→ 1,000 totalExercise: $3.40From: 2005-12-08Exp: 2009-12-08→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]Options become exercisable for 20% of the shares on the first three anniversaries of the grant and 40% of the shares on the fourth anniversary of the grant date.