SERVOTRONICS INC /DE/ 4

4 · SERVOTRONICS INC /DE/ · Filed May 24, 2010

Form 4

Period: 2010-05-20

DirectorChairman, President, CEO10% Owner

Transactions

Gift
Common Stock
2010-03-17+5,619→ 315,645 total
Discretionary Transaction
Options (Right to Buy)
2010-05-20$5.59/sh−37,800$211,208→ 0 total
Exercise: $3.81Exp: 2010-07-06→ Common Stock (37,800 underlying)

Holdings

Options (Right to Buy)
Exercise: $4.70Exp: 2015-12-29→ Common Stock (25,000 underlying)
25,000
Options (Right to Buy)
Exercise: $2.04Exp: 2013-04-10→ Common Stock (50,000 underlying)
50,000
Common Stock
(indirect: By ESOT)
87,300.18
Options (Right to Buy)
Exercise: $4.38Exp: 2011-09-05→ Common Stock (45,000 underlying)
45,000

Footnotes (5)

[F1]Receipt of securities by will or the laws of descent and distribution.
[F2]Includes 1,002 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 47,683.41 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 39,616.77 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 closing price of the Company's common stock on the day of surrender ($9.40) less an administrative charge.
[F5]All of the options are currently exercisable.

Documents

1 file