4//SEC Filing
TRBOVICH NICHOLAS D DR 4
Accession 0001196395-08-000010
CIK 0000089140other
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 4:02 PM ET
Size
14.3 KB
Accession
0001196395-08-000010
Insider Transaction Report
Form 4
TRBOVICH NICHOLAS D DR
DirectorChairman, President, CEO10% Owner
Transactions
- Discretionary Transaction
Options (Right to Buy)
2008-02-04$6.71/sh−37,800$253,638→ 0 totalExercise: $8.50Exp: 2008-03-23→ Common Stock (37,800 underlying) - Gift
Common Stock
2007-09-12−2,000→ 309,024 total
Holdings
- 50,000
Options (Right to Buy)
Exercise: $2.04Exp: 2013-04-10→ Common Stock (50,000 underlying) - 25,000
Options (Right to Buy)
Exercise: $4.70Exp: 2015-12-29→ Common Stock (25,000 underlying) - 37,800
Options (Right to Buy)
Exercise: $3.81Exp: 2010-07-06→ Common Stock (37,800 underlying) - 80,110.365(indirect: By ESOT)
Common Stock
- 45,000
Options (Right to Buy)
Exercise: $4.38Exp: 2011-09-05→ Common Stock (45,000 underlying)
Footnotes (5)
- [F1]Bona fide gift of securities.
- [F2]Includes 2,302 shares distributed to the reporting person from his account under the Company's Employee Stock Ownership Trust (the "ESOT") since the reporting person's last Section 16 report.
- [F3]As of the date hereof, includes 45,433.951 shares allocated to the reporting person's account under the ESOT as well as shares allocated to the ESOT accounts of Nicholas Trbovich, Jr., Michael Trbovich and Kenneth Trbovich, children of the reporting person, that the reporting person is required to report pursuant to Rule 16a-8(b)(2). The reporting person disclaims beneficial interest in the 34,676.414 shares allocated to his children's ESOT accounts.
- [F4]Pursuant to an amendment to the applicable stock option agreement, the reporting person elected to surrender these unexercised options to the Company in exchange for a cash payment equal to the difference between the exercise price and the average of the high and the low market price of the Company's common stock on the day of surrender ($15.22) less an administrative charge.
- [F5]All of the options are currently exercisable.
Documents
Issuer
SERVOTRONICS INC /DE/
CIK 0000089140
Entity typeother
Related Parties
1- filerCIK 0001221372
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 4:02 PM ET
- Size
- 14.3 KB