4//SEC Filing
TRBOVICH NICHOLAS JR 4
Accession 0001196395-10-000046
CIK 0000089140other
Filed
May 23, 8:00 PM ET
Accepted
May 24, 5:14 PM ET
Size
13.0 KB
Accession
0001196395-10-000046
Insider Transaction Report
Form 4
TRBOVICH NICHOLAS JR
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 totalExercise: $3.81Exp: 2010-07-06→ Common Stock (18,400 underlying)
Holdings
- 27,000
Options (Right to Buy)
Exercise: $2.04Exp: 2013-04-10→ Common Stock (27,000 underlying) - 15,000
Options (Right to Buy)
Exercise: $4.70Exp: 2015-12-29→ Common Stock (15,000 underlying) - 87,300.18(indirect: By ESOT)
Common Stock
- 24,000
Options (Right to Buy)
Exercise: $4.38Exp: 2011-09-05→ Common Stock (24,000 underlying)
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
Issuer
SERVOTRONICS INC /DE/
CIK 0000089140
Entity typeother
Related Parties
1- filerCIK 0001127201
Filing Metadata
- Form type
- 4
- Filed
- May 23, 8:00 PM ET
- Accepted
- May 24, 5:14 PM ET
- Size
- 13.0 KB