WESTCOTT NORMAN A 4
4 · BLONDER TONGUE LABORATORIES INC · Filed May 25, 2007
Insider Transaction Report
Form 4
WESTCOTT NORMAN A
Senior Vice President
Transactions
- Award
Employee Stock Option (right to buy)
2007-05-23+20,000→ 20,000 totalExercise: $1.98Exp: 2017-04-02→ Common Stock par value $0.001 (20,000 underlying)
Footnotes (3)
- [F1]The stock option was approved by the Board of Directors with a grant date of April 3, 2007, subject to stockholder approval of an amendment to the 2005 Employee Equity Incentive Plan, which approval was obtained on May 23, 2007.
- [F2]The exercise price is equal to the mean average of the high and low selling prices as reported on the American Stock Exchange on the grant date of April 3, 2007.
- [F3]The stock options were granted under the 2005 Employee Equity Incentive Plan and vest in three equal installments of one-third each on the first, second and third annversary of the date of grant.