SERVOTRONICS INC /DE/ 4
4 · SERVOTRONICS INC /DE/ · Filed Jul 14, 2011
Insider Transaction Report
Form 4
DUERIG WILLIAM H DR
Director
Transactions
- Discretionary Transaction
Options (Right to Buy)
2011-07-12$4.58/sh−16,000$73,360→ 0 totalExercise: $4.38Exp: 2011-09-05→ Common Stock (16,000 underlying)
Holdings
- 3,593
Common Stock
- 18,000
Options (Right to Buy)
Exercise: $2.04Exp: 2013-04-10→ Common Stock (18,000 underlying) - 7,500
Options (Right to Buy)
Exercise: $4.70Exp: 2015-12-29→ Common Stock (7,500 underlying)
Footnotes (2)
- [F1]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.
- [F2]All of the options are currently exercisable.