MERINGOLO PAUL D 4
4 · MEDICAL ACTION INDUSTRIES INC · Filed Oct 2, 2007
Insider Transaction Report
Form 4
MERINGOLO PAUL D
DirectorPRESIDENT & CEO
Transactions
- Sale
Common Stock, $.001 par Value
2007-10-01$23.50/sh−20,000$470,000→ 766,380 total - Exercise/Conversion
1994 Stock Incentive Plan (Right to Buy)
2007-10-01−17,310→ 0 totalExercise: $8.87Exp: 2013-03-29→ Common Stock (17,310 underlying) - Exercise/Conversion
Common Stock, $.001 par Value
2007-10-01$8.87/sh+17,310$153,540→ 786,000 total
Footnotes (4)
- [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 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.