TRBOVICH NICHOLAS JR 4

4 · SERVOTRONICS INC /DE/ · Filed Jul 14, 2011

Form 4

Period: 2011-07-12

DirectorChief Operating Officer

Transactions

Discretionary Transaction
Options (Right to Buy)
2011-07-12$4.58/sh−24,000$110,040→ 0 total
Exercise: $4.38Exp: 2011-09-05→ Common Stock (24,000 underlying)

Holdings

Options (Right to Buy)
Exercise: $2.04Exp: 2013-04-10→ Common Stock (27,000 underlying)
27,000
Common Stock
16,188
Common Stock
(indirect: By ESOT)
88,457.5
Options (Right to Buy)
Exercise: $4.70Exp: 2015-12-29→ Common Stock (15,000 underlying)
15,000

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

1 file