MARTIRE LEONARD 4
4 · FREQUENCY ELECTRONICS INC · Filed Jul 25, 2012
Insider Transaction Report
Form 4
MARTIRE LEONARD
Vice President
Transactions
- Exercise of In-Money
Stock Option
2012-07-23−5,000→ 5,000 totalExercise: $6.62From: 2003-07-26Exp: 2012-07-25→ Common Stock (1,428 underlying) - Exercise/Conversion
Common Stock
2012-07-23$6.62/sh+1,428$9,446→ 3,428 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).