SERVOTRONICS INC /DE/ 4
4 · SERVOTRONICS INC /DE/ · Filed Jul 14, 2011
Insider Transaction Report
Form 4
TRBOVICH NICHOLAS D DR
DirectorChairman, President, CEO10% Owner
Transactions
- Discretionary Transaction
Options (Right to Buy)
2011-07-12$4.58/sh−45,000$206,325→ 0 totalExercise: $4.38Exp: 2011-09-05→ Common Stock (45,000 underlying)
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) - 88,457.5(indirect: By ESOT)
Common Stock
- 316,939
Common Stock
Footnotes (4)
- [F1]Includes 1,294 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.
- [F2]As of the date hereof, includes 47,207.79 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 41,249.71 shares allocated to his children's ESOT accounts.
- [F3]Pursuant to the 2001 Long-Term Stock Incentive Plan, as amended, 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 low market price of the Company's common stock on the day of surrender ($8.965) less an administrative charge.
- [F4]All of the options are currently exercisable.