TRBOVICH NICHOLAS JR 4
4 · SERVOTRONICS INC /DE/ · Filed Apr 12, 2013
Insider Transaction Report
Form 4
TRBOVICH NICHOLAS JR
DirectorChief Operating Officer
Transactions
- Exercise/Conversion
Options (Right to Buy)
2013-04-02+5,000→ 0 totalExercise: $4.70Exp: 2015-12-29→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2013-04-02$4.70/sh+5,000$23,500→ 58,188 total
Holdings
- 88,738.98(indirect: By ESOT)
Common Stock
Footnotes (3)
- [F1]The Reporting person exercisedhis option to purchase the 5,000 shares of common stock reported herein and tendered payment on April 2, 2013. The Company has refused to issue the shares reported to the Reporting Person. Reporting Person maintains the options are validly exercised and that the share transfer is effective April 2, 2013.
- [F2]As of the date hereof, includes 30,404 shares the Company has advised Reporting Person are allocated to Reporting Person's account under the Company's Employee stock Owernship Trust (the "ESOT") as well as shares allocated to the ESOT accounts of the Reporting Person's father, Dr. Nicholas Trbovich, and the Reporting Person's brothers, Michael Trbovich and Kenneth Trbovich, tha the Reporting Person is required to report pursuant to Rule 16a-8(b)(2). The Reporting Person disclaims beneficial ownership in in the 58,334.98 shares allocated to his family member's ESOT accounts. Reporting Person does not have access to the current holdings allocated to family members; the amounts reported are last know numbers;
- [F3]All of the options are currently exercisable.