REMEC INC 4
4 · REMEC INC · Filed May 24, 2005
Insider Transaction Report
Form 4
REMEC INCREMC
GILES JACK A
EVP and Pres., Defense & Space
Transactions
- Other
Common Stock
2005-05-20+122,461→ 122,461 total - Other
Redemption Stock
2005-05-20−2,098→ 0 total(indirect: By 401(k)) - Other
Common Stock
2005-05-20+935→ 935 total(indirect: By 401(k)) - Other
Common Stock
2005-05-20−286,376→ 0 total(indirect: See footnote) - Tax Payment
Common Stock
2005-05-20−11,799→ 0 total - Other
Common Stock
2005-05-20−2,098→ 0 total(indirect: By 401(k)) - Other
Redemption Stock
2005-05-20−274,577→ 0 total
Footnotes (6)
- [F1]Pursuant to a reclassification exempt under Rule 16b-7, each share of common stock outstanding at the close of trading on the Nasdaq National Market on May 20, 2005 was converted into 0.446 of a share of common stock and one share of redemption stock.
- [F2]Not applicable.
- [F3]Shares withheld to pay withholding taxes.
- [F4]17,438 shares of common stock are held by spouse.
- [F5]The reported securities were automatically redeemed by the issuer at a price of $2.80 per share.
- [F6]The issuer stock in the REMEC 401(k) plan is held in a "unitized fund" that also includes short term investments. The number of shares reported represents the "equivalent shares" of the issuer stock based upon the daily closing price.