4//SEC Filing
TOROTEL INC 4
Accession 0001179110-16-030144
CIK 0000098752operating
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 2:32 PM ET
Size
5.0 KB
Accession
0001179110-16-030144
Insider Transaction Report
Form 4
TOROTEL INCTTLO
SERRONE H JAMES
DirectorCFO
Transactions
- Award
Common Stock
2016-09-21+150,000→ 196,916 total
Footnotes (1)
- [F1]These shares are restricted securities and subject to certain conditions under a Restricted Stock Agreement dated September 21, 2016. These shares, which were granted pursuant to a Restricted Stock Agreement, are subject to a risk of forfeiture and cannot be sold, donated, transferred or in any manner encumbered except in accordance with the terms of such agreement. Based upon the Corporation attaining certain financial goals during the five-year period ending April 30, 2021, as outlined in the agreement, the Restricted Shares shall be released from the restrictions on transfer and risk of forfeiture on September 21, 2021.
Documents
Issuer
TOROTEL INC
CIK 0000098752
Entity typeoperating
IncorporatedMO
Related Parties
1- filerCIK 0000098752
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 2:32 PM ET
- Size
- 5.0 KB