MELNICK ROBERT J 4
4 · TEL INSTRUMENT ELECTRONICS CORP · Filed Feb 19, 2010
Insider Transaction Report
Form 4
MELNICK ROBERT J
Director
Transactions
- Award
Stock Option (right to buy)
2010-02-11+500→ 13,000 totalExercise: $7.60From: 2011-02-11Exp: 2015-02-11→ Common Stock (500 underlying) - Disposition to Issuer
Stock Option
2004-12-08+10,000→ 3,000 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.