MEDICAL ACTION INDUSTRIES INC 4/A
4/A · MEDICAL ACTION INDUSTRIES INC · Filed Sep 21, 2007
Insider Transaction Report
Form 4/AAmended
MERINGOLO PAUL D
DirectorPRESIDENT & CEO
Transactions
- Sale
Common Stock, $.001 par Value
2007-09-17$22.59/sh−17,690$399,617→ 768,690 total - Exercise/Conversion
Common Stock, $.001 par Value
2007-09-17$8.87/sh+5,190$46,035→ 786,380 total - Exercise/Conversion
Common Stock, $.001 par Value
2007-09-17$2.67/sh+12,500$33,375→ 781,190 total - Exercise/Conversion
1994 Stock Incentive Plan (Right to Buy)
2007-09-17−12,500→ 0 totalExercise: $2.67Exp: 2011-04-06→ Common Stock (12,500 underlying) - Exercise/Conversion
1994 Stock Incentive Plan (Right to Buy)
2007-09-17−5,190→ 17,310 totalExercise: $8.87Exp: 2013-03-29→ Common Stock (5,190 underlying)
Footnotes (5)
- [F1]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 7,2007.
- [F2]37,770 additional shares are owned by Mr. Meringolo's children, to which he disclaims beneficial ownership.
- [F3]All options become exercisable within two (2) years after grant date, or sooner under certain circumstances.
- [F4]The reporting person's 10,000 stock options, at the exercise price $4.00, were granted on 4/6/2001. As a result of stock split, which was paid on 2/9/07, the number of options has been adjusted to 15,000 and the exercise price has decreased to $2.67.
- [F5]The reporting person's 15,000 stock options, at the exercise price of $13.30, were granted on 5/29/2003. As a result of stock split, which was paid on 2/9/07, the number of options has been adjusted to 22,500 and the exercise price has decreased to $8.87.