SOUTHWORTH RICHARD A 4
4 · SPECTRUM CONTROL INC · Filed Jun 6, 2011
Insider Transaction Report
Form 4
SOUTHWORTH RICHARD A
DirectorPresident
Transactions
- Disposition to Issuer
Options
2011-06-01−40,000→ 0 totalExercise: $5.75Exp: 2014-01-07→ Common Stock (40,000 underlying) - Disposition to Issuer
Common Stock
2011-06-01$20.00/sh−1,425$28,500→ 0 total - Disposition to Issuer
Common Stock
2011-06-01$20.00/sh−153,212$3,064,240→ 0 total - Disposition to Issuer
Non-Qualified Stock Options
2011-06-01−17,000→ 0 totalExercise: $12.72Exp: 2015-06-01→ Common Stock (17,000 underlying) - Disposition to Issuer
Options
2011-06-01−20,000→ 0 totalExercise: $9.30Exp: 2012-12-03→ Common Stock (20,000 underlying) - Disposition to Issuer
Incentive Stock Options
2011-06-01−23,000→ 0 totalExercise: $12.72Exp: 2015-06-01→ Common Stock (23,000 underlying)
Footnotes (2)
- [F1]These options, which include options that are currently exercisable and options not yet exerciseable, were cancelled in the merger between the issuer and API Technologies, Corp. in exchange for a cash payment equal to the difference between the per share exercise price of the option and $20.00 per share.
- [F2]These shares are held jointly with the reporting persons spouse.