FREQUENCY ELECTRONICS INC 4
4 · FREQUENCY ELECTRONICS INC · Filed Aug 23, 2016
Insider Transaction Report
Form 4
Bernstein Steven Lawrence
Chief Financial Officer
Transactions
- Award
Stock Appreciation Rights
2016-08-19+5,000→ 23,000 totalExercise: $10.58From: 2017-08-19Exp: 2021-08-18→ Common Stock (5,000 underlying)
Footnotes (3)
- [F1]Stock Appreciation Rights are exercisable on a cumulative basis as to one-quarter of the total number of shares covered by the grant on each of the first, second, third and fourth anniversary dates of the date of Stock Appreciation Rights grant.
- [F2]Stock Appreciation Rights are granted at the market value of the Company's Common Stock on the date of grant.
- [F3]Upon exercise of a Stock Appreciation Right, the grantee will be awarded shares of Common Stock, the value of which is equal to the increase in value of the Common Stock between the grant date and the date of exercise. (Stock-settled SAR).