Smith Kirin 4
4 · CRAWFORD UNITED Corp · Filed Dec 31, 2019
Insider Transaction Report
Form 4
CRAWFORD UNITED CorpCRAWA
Smith Kirin
Director
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2019-12-27−1,000→ 2,000 totalExercise: $6.00Exp: 2020-02-25→ Class A Common Shares (1,000 underlying) - Exercise/Conversion
Class A Common Shares, without par value
2019-12-27$6.00/sh+1,000$6,000→ 16,935 total
Holdings
- 51,114(indirect: By Intrinsic Value Capital, L.P.)
Class A Common Shares, without par value
Footnotes (3)
- [F1]As a managing member of Glaubman & Rosenberg Partners, LLC and Glaubman & Rosenberg Advisors, LLC, the general partner and investment manager of Intrinsic Value Capital, L.P. ("IVC"), respectively, Kirin Smith may be deemed to beneficially own the Class A Common Shares beneficially owned by IVC. The reporting person disclaims beneficial ownership of the securities beneficially owned by the other members of the group except to the extent of his pecuniary interest therein.
- [F2]Granted pursuant to the Hickok Incorporated 2010 Outside Directors Stock Option Plan, which complies with Rule 16b-3. These options became exercisable in equal 33% increments over three years beginning on February 25, 2011.
- [F3]The reporting person still holds previously reported options to buy 2,000 Class A Common Shares granted pursuant to the Hickok Incorporated 2010 Outside Directors Stock Option Plan. These options were granted between February 24, 2011 and March 8, 2012, at an exercise price of $2.925, became exercisable between 2012 and 2016 and expire between February 24, 2021 and March 8, 2022.