TILGHMAN DOUGLAS BLAINE 4
4 · TECHNOLOGY RESEARCH CORP · Filed May 18, 2011
Insider Transaction Report
Form 4
TILGHMAN DOUGLAS BLAINE
VP, Engineering
Transactions
- Sale
Common Stock
2011-05-18$7.20/sh−5,857$42,170→ 5,222 total - Disposition to Issuer
Non Qualified Stock Option
2011-05-18−48,733→ 0 totalExercise: $7.20→ Common Stock - Sale
Restricted Common Stock
2011-05-18$7.20/sh−5,222$37,598→ 0 total
Footnotes (2)
- [F1]This restricted common stock was canceled in the merger in exchange for a cash payment of $37,598.40 representing the product of (i) the excess, if any, of $7.20 over the grant price of the restricted shares by (ii) the number of shares, less any applicable deductions and witholdings required by law.
- [F2]This option was canceled in the merger for a cash payment of $194,271.50 representing the product of (i) the excess, if any, of the $7.20 over the exercise price of the stock options by (ii) the number of shares of common stock subject to the stock options, less any applicable deductions and witholdings required by law.