COHEN STEPHEN A 4
4 · JACO ELECTRONICS INC · Filed Sep 17, 2003
Insider Transaction Report
Form 4
COHEN STEPHEN A
Director
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2003-09-15−11,250→ 0 totalExercise: $2.75From: 1999-09-16Exp: 2003-09-15→ Common Stock (11,250 underlying) - Exercise/Conversion
Common Stock
2003-09-15$2.75/sh+11,250$30,938→ 18,433 total
Footnotes (3)
- [F1]With regard to the 11,250 shares acquired by virtue of the reported option exercise, the reporting person holds the shares as nominee for the law firm of Morrison Cohen Singer & Weinstein, LLP ("MCSW") in which the reporting person is a partner. The reporting person disclaims benficial ownership of these 11, 250 shares except to the extent of his pecuniary interest therein by virtue of his partnership interest in MCSW.
- [F2]Reflects a 3 for 2 stock split in the form of a 50% stock dividend with respect to the issued and outstanding shares of Common Stock of the Issuer, which dividend was distributed on July 24, 2000.
- [F3]Option grant.