SELTZER DAVID S 4
4 · HI TECH PHARMACAL CO INC · Filed Jan 11, 2013
Insider Transaction Report
Form 4
SELTZER DAVID S
DirectorCEO, President, Sec'y, Treas.10% Owner
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2013-01-09−112,500→ 0 totalExercise: $11.56From: 2004-01-14Exp: 2013-01-14→ Common Stock (112,500 underlying) - Gift
Common Stock
2012-12-26+350→ 1,236,295 total - Tax Payment
Common Stock
2013-01-09$37.06/sh−35,092$1,300,510→ 1,201,203 total - Exercise/Conversion
Common Stock
2013-01-09$11.56/sh+112,500$1,300,500→ 1,313,703 total - Gift
Common Stock
2012-12-26+1,050→ 224,927 total(indirect: By Spouse)
Footnotes (4)
- [F1]The shares were acquired by gift for which no consideration was received.
- [F2]Stock Option granted under Hi-Tech Pharmacal Co., Inc.'s Amended and Restated Stock Option Plan, which is a Rule 16b-3 Plan
- [F3]The option became exercisable in four (4) equal installments beginning on the first anniversary of the grant date.
- [F4]Other than the option reflected on this form, Mr. Seltzer is also the holder of additional options to acquire an aggregate of 562,500 additional shares of Hi-Tech Common Stock, which options were granted on various dates, with various exercise prices, exercise dates and expiration dates.