4//SEC Filing
TRBOVICH NICHOLAS JR 4
Accession 0001196395-11-000071
CIK 0000089140other
Filed
Jul 13, 8:00 PM ET
Accepted
Jul 14, 4:09 PM ET
Size
10.2 KB
Accession
0001196395-11-000071
Insider Transaction Report
Form 4
TRBOVICH NICHOLAS JR
DirectorChief Operating Officer
Transactions
- Discretionary Transaction
Options (Right to Buy)
2011-07-12$4.58/sh−24,000$110,040→ 0 totalExercise: $4.38Exp: 2011-09-05→ Common Stock (24,000 underlying)
Holdings
- 27,000
Options (Right to Buy)
Exercise: $2.04Exp: 2013-04-10→ Common Stock (27,000 underlying) - 16,188
Common Stock
- 88,457.5(indirect: By ESOT)
Common Stock
- 15,000
Options (Right to Buy)
Exercise: $4.70Exp: 2015-12-29→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]As of the date hereof, includes 29,012.41 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 59,445.09 shares allocated to his family members' ESOT accounts.
- [F2]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.
- [F3]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
- Jul 13, 8:00 PM ET
- Accepted
- Jul 14, 4:09 PM ET
- Size
- 10.2 KB