GRUDER FREDRIC J 4
4 · ORBIT INTERNATIONAL CORP · Filed Mar 9, 2009
Insider Transaction Report
Form 4
GRUDER FREDRIC J
Director
Transactions
- Award
Common Stock, $.10 par value
2009-03-06+1,470→ 1,470 total
Footnotes (1)
- [F1]On March 6, 2009, the Issuer issued to the Reporting Person 1,470 restricted shares of common stock of the Issuer valued at $2.04 per share pursuant to its Independent Directors Incentive Stock Plan. The shares shall vest, provided the Reporting Person is still a director, over a two year period commencing March 6, 2009. The shares are subject to an acceleration in vesting for death or change in control.