FARESE M SCOTT 4
4 · ADVANCED PHOTONIX INC · Filed Feb 22, 2012
Insider Transaction Report
Form 4
FARESE M SCOTT
Director
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2012-02-17−50,000→ 0 totalExercise: $0.67From: 2002-08-20Exp: 2012-02-20→ API Class A Common Stock (50,000 underlying) - Exercise/Conversion
API Class A Common Stock
2012-02-17$0.67/sh+50,000$33,500→ 224,402 total - Exercise/Conversion
API Class A Common Stock
2012-02-18$0.67/sh+50,000$33,500→ 227,218 total - Tax Payment
API Class A Common Stock
2012-02-17$0.71/sh−47,184$33,501→ 177,218 total - Tax Payment
API Class A Common Stock
2012-02-18$0.70/sh−47,858$33,501→ 179,360 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2012-02-18−50,000→ 0 totalExercise: $0.67From: 2002-08-20Exp: 2012-02-20→ API Class A Common Stock (50,000 underlying)
Footnotes (1)
- [F1]2,479 of the remaining 4,958 shares of the Company's Class A Common Stock ("Shares") issued to the reporting person upon the exercise of the Employee Stock Options were subsequently transferred to his ex-spouse pursuant to a domestic relations order. These Shares are no longer included in the total number of securities beneficially held by the reporting person, and consequently, the number of Shares beneficially held by the reporting person after giving effect to the transfer is 176,881.