ALPHA PRO TECH LTD 4
4 · ALPHA PRO TECH LTD · Filed Sep 5, 2013
Insider Transaction Report
Form 4
HOFFMAN SHELDON
DirectorC.E.O.
Transactions
- Exercise/Conversion
employee stock options ( right to buy)
2013-09-03−33,333→ 308,334 totalExercise: $1.23From: 2010-09-10Exp: 2013-09-10→ common stock (33,333 underlying) - Exercise/Conversion
employee stock options ( right to buy)
2013-09-03−33,333→ 341,667 totalExercise: $1.23From: 2009-09-10Exp: 2013-09-10→ common stock (33,333 underlying) - Exercise/Conversion
eomployee stock options ( righ to buy)
2013-09-03−33,334→ 275,000 totalExercise: $1.23From: 2011-09-10Exp: 2013-09-10→ common stock (33,334 underlying) - Sale
common stock
2013-09-03$1.51/sh−100,000$151,000→ 1,070,189 total - Exercise/Conversion
common stock
2013-09-03$1.23/sh+100,000$123,000→ 1,170,189 total
Holdings
- 44,325(indirect: By Spouse)
common stock
- 410,051(indirect: By Trust)
common stock
Footnotes (1)
- [F1]This total also reflects the expiration and disposition of 100,000 stock options granted to the reporting person on August 23,2006 with an exercise price of $1.98, which expired on August 22, 2011 and 100,000 stock options granted to the reporting person on August 29,2007 with an exercise price of $1.50, which expired on August 29, 2012 (the"Expired Options"). The reporting person did not receive any value in connection with the expiration of the Expired Options; therefore, the resulting disposition of the Expired Options was exempt from Section 16(b) by virtue of Rule 16b-6(d) and further from the reporting requirements of Section 16(a) by virtue of Rule 16a-4(d), both rules promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.