MILLER ALAN L 4
4 · FREQUENCY ELECTRONICS INC · Filed Jul 25, 2012
Insider Transaction Report
Form 4
MILLER ALAN L
Treasurer & CFO
Transactions
- Exercise of In-Money
Stock Option
2012-07-23−7,000→ 11,000 totalExercise: $6.62From: 2003-07-26Exp: 2012-07-25→ Common Stock (1,999 underlying) - Exercise/Conversion
Common Stock
2012-07-23$6.62/sh+1,999$13,223→ 6,724 total
Footnotes (1)
- [F1]Under the Company's Stock Award plan, the stock option was exercised in a cashless manner under which the grantee is awarded shares of Common Stock, the value of which is equal to the increase in value of the Common Stock between the grant date and the date of exercise. (Cashless exercise).