TECHNOLOGY RESEARCH CORP 4
4 · TECHNOLOGY RESEARCH CORP · Filed May 18, 2011
Insider Transaction Report
Form 4
MURPHY PATRICK M
Director
Transactions
- Sale
Common Stock
2011-05-18$7.20/sh−10,000$72,000→ 0 total - Disposition to Issuer
Non Qualified Stock Option
2011-05-18−50,000→ 0 totalExercise: $7.20→ Common Stock
Footnotes (2)
- [F1]This restricted common stock was canceled in the merger in exchange for a cash payment of $48,002.40 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 in exchange for a cash payment of $168,200.00 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.