SERVOTRONICS INC /DE/ 4
4 · SERVOTRONICS INC /DE/ · Filed Apr 30, 2012
Insider Transaction Report
Form 4
TRBOVICH NICHOLAS D DR
DirectorChairman, President, CEO10% Owner
Transactions
- Exercise/Conversion
Common Stock
2012-04-26$4.70/sh+25,000$117,500→ 388,061 total - Tax Payment
Common Stock
2012-04-26$9.38/sh−2,500$23,438→ 385,561 total - Exercise/Conversion
Options (Right to Buy)
2012-04-26−25,000→ 0 totalExercise: $4.70Exp: 2015-12-29→ Common Stock (25,000 underlying)
Holdings
- 88,035.95(indirect: By ESOT)
Common Stock
Footnotes (3)
- [F1]In connection with the exercise of certain stock options, the Reporting Person elected to have the Company withhold shares to satisfy the Company's tax withholding obligation as permitted under the Company's 2001 Long-Term Stock Incentive Plan.
- [F2]As of the date hereof, includes 45,774.98 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 42,260.97 shares allocated to his children's ESOT accounts.
- [F3]All of the options are currently exercisable.