NORTH PITTSBURGH SYSTEMS INC 4
4 · NORTH PITTSBURGH SYSTEMS INC · Filed Jan 2, 2008
Insider Transaction Report
Form 4
THOMAS CHARLES E JR
Director
Transactions
- Disposition to Issuer
Common Stock
2007-12-31−25,000→ 6,000 total(indirect: By Children) - Disposition to Issuer
Common Stock
2007-12-31−25,910→ 40,800 total - Disposition to Issuer
Common Stock
2007-12-31−9,800→ 31,000 total - Disposition to Issuer
Common Stock
2007-12-31−6,000→ 0 total(indirect: By Children)
Footnotes (5)
- [F1]Disposed pursuant to merger agreement between issuer and Consolidated Holdings, Inc. ("Consolidated"). Each share will be exchanged for either $25 in cash or 1.1061947 shares of Consolidated common stock (having a market value of $22.01327453 on the effective date of the merger), as elected by the holder, subject to proration.
- [F2]Shares held individually by Charles E. Thomas, Jr.
- [F3]Shares held by Charles E. Thomas, Jr., jointly with spouse.
- [F4]Shares held by Charles E. Thomas, Jr., as custodian for individual children. Three (3) of the children, with beneficial ownships of 4,200 shares each, are now adults, who are full time university students, but share the same residence during school recesses. Two (2) of the children, with beneficial ownerships of 6,200 shares each, are minor children having the same residence. The filing of this report shall not be construed as an admission that the undersigned is, for the purpose of Section 16(a) of the Act, a beneficial owner of the 25,000 shares described herein.
- [F5]Shares held individually by three (3) of Charles E. Thomas, Jr.'s adult children (2,000 shares each), who are full time university students, but share the same residence during school recesses. The filing of this report shall not be construed as an admission that the undersigned is, for the purpose of Section 16(a) of the Act, a beneficial owner of the 6,000 shares described herein.