4//SEC Filing
TRBOVICH NICHOLAS JR 4
Accession 0001196395-08-000011
CIK 0000089140other
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 4:03 PM ET
Size
15.6 KB
Accession
0001196395-08-000011
Insider Transaction Report
Form 4
TRBOVICH NICHOLAS JR
DirectorChief Operating Officer
Transactions
- Disposition to Issuer
Options (Right to Buy)
2008-02-04$6.70/sh−12,600$84,420→ 0 totalExercise: $8.50Exp: 2008-03-23→ Common Stock (12,600 underlying) - Disposition to Issuer
Options (Right to Buy)
2008-02-04$6.70/sh−5,800$38,860→ 0 totalExercise: $8.50Exp: 2008-03-23→ Common Stock (5,800 underlying)
Holdings
- 15,814
Common Stock
- 18,400
Options (Right to Buy)
Exercise: $3.81Exp: 2010-07-06→ Common Stock (18,400 underlying) - 80,110.365(indirect: By ESOT)
Common Stock
- 15,000
Options (Right to Buy)
Exercise: $4.70Exp: 2015-12-29→ Common Stock (15,000 underlying) - 27,000
Options (Right to Buy)
Exercise: $2.04Exp: 2013-04-10→ Common Stock (27,000 underlying) - 24,000
Options (Right to Buy)
Exercise: $4.38Exp: 2011-09-05→ Common Stock (24,000 underlying)
Footnotes (4)
- [F1]Does not include the shares reported by the reporting person's father, Dr. Nicholas D. Trbovich, who files Section 16(a) reports under his own name.
- [F2]As of the date hereof, includes 25,340.385 shares allocated to the reporting person's account under the Company's Employee Stock Ownership Trust (the "ESOT") as well as shares allocated to the ESOT accounts of the reporting person's father, Dr. Nicholas Trbovich, and the reporting person's brothers, Michael Trbovich and Kenneth Trbovich, that the reporting person is required to report pursuant to Rule 16a-8(b)(2). The reporting person disclaims beneficial interest in the 54,769.98 shares allocated to his family members' ESOT accounts.
- [F3]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.
- [F4]All of the options are currently exercisable.
Documents
Issuer
SERVOTRONICS INC /DE/
CIK 0000089140
Entity typeother
Related Parties
1- filerCIK 0001127201
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 4:03 PM ET
- Size
- 15.6 KB