BLONDER TONGUE LABORATORIES INC 4
4 · BLONDER TONGUE LABORATORIES INC · Filed Apr 5, 2017
Insider Transaction Report
Form 4
Bruno Anthony J
Director
Transactions
- Award
Stock Option (right to buy)
2017-04-04+10,000→ 10,000 totalExercise: $0.55Exp: 2027-04-04→ Common Stock par value $0.001 (10,000 underlying) - Award
Common Stock, par value $0.001
2017-04-04+10,000→ 177,279 total - Award
Common Stock, par value $0.001
2017-04-04$0.55/sh+19,727$10,850→ 197,066 total
Footnotes (5)
- [F1]Grant of stock award under 2016 Director Equity Incentive Plan.
- [F2]Pursuant to the company's Amended and Restated Director Stock Purchase Plan, the reporting person has elected to receive a fully vested stock award for shares of the company's common stock in lieu of cash payment of director fees otherwise payable to the reporting person. The number of shares of common stock awarded represents the quotient of (i) the director fees payable to the reporting person divided by (i) $0.55, representing the average of the high and low trading prices reported on the NYSE MKT on April 4, 2017.
- [F3]The stock option was granted under the 2016 Director Equity Incentive Plan.
- [F4]The exercise price equals the fair market value (equal to the average of the high and low selling prices as reported on the NYSE MKT) of the common stock on the grant date.
- [F5]The stock option vests on the first anniversary of the grant date.