TRBOVICH NICHOLAS JR 4

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

Form 4

Period: 2010-05-20

DirectorChief Operating Officer

Transactions

Gift
Common Stock
2010-03-17+374→ 16,188 total
Discretionary Transaction
Options (Right to Buy)
2010-05-20$5.59/sh−18,400$102,810→ 0 total
Exercise: $3.81Exp: 2010-07-06→ Common Stock (18,400 underlying)

Holdings

Options (Right to Buy)
Exercise: $2.04Exp: 2013-04-10→ Common Stock (27,000 underlying)
27,000
Options (Right to Buy)
Exercise: $4.70Exp: 2015-12-29→ Common Stock (15,000 underlying)
15,000
Common Stock
(indirect: By ESOT)
87,300.18
Options (Right to Buy)
Exercise: $4.38Exp: 2011-09-05→ Common Stock (24,000 underlying)
24,000

Footnotes (5)

[F1]Receipt of securities by will or the laws of descent and distribution.
[F2]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.
[F3]As of the date hereof, includes 28,194.20 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 59,105.98 shares allocated to his family members' 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