FREQUENCY ELECTRONICS INC 4
4 · FREQUENCY ELECTRONICS INC · Filed Jul 24, 2013
Insider Transaction Report
Form 4
MARTIRE LEONARD
Vice President
Transactions
- Exercise/Conversion
Stock Appreciation Rights
2013-07-23$3.15/sh−3,000$9,450→ 62,500 totalExercise: $3.15From: 2010-01-29Exp: 2019-01-28→ Common Stock (3,000 underlying) - Tax Payment
Common Stock
2013-07-23$10.48/sh−4,568$47,873→ 22,332 total - Exercise/Conversion
Stock Options
2013-07-23$9.58/sh−5,000$47,900→ 0 totalExercise: $9.58From: 2002-08-01Exp: 2013-07-31→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2013-07-23$9.58/sh+5,000$47,900→ 26,900 total - Exercise/Conversion
Common Stock
2013-07-23$3.15/sh+3,000$9,450→ 25,332 total - Tax Payment
Common Stock
2013-07-23$10.48/sh−902$9,453→ 24,430 total
Footnotes (2)
- [F1]The Reporting Person exercised 5,000 stock options in a cashless transaction and received 432 shares of Frequency Electronics common stock.
- [F2]The Reporting Person exercised a Stock Appreciation Right based on 3,000 shares of Frequency Electronics common stock, receiving 2,098 shares which is equivalent to the appreciated value of the common stock since the grant date.