SEC Form 4 · accession 0001185185-15-000596
FREQUENCY ELECTRONICS INC · FEIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Markus Hechler
Officer — Executive Vice President
Period of report
Mar 24, 2015
Accepted (ET)
Mar 25, 2015 · 12:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039020
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 24, 2015 | M | 12,000 | $5.65 | A | 12,000 | D | |
| Common Stock | Mar 24, 2015 | F | 5,121 | $13.24 | D | 6,879 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF1 | $5.65 | Mar 24, 2015 | M | 12,000 | D | Sep 14, 2011 | Sep 13, 2020 | Common Stock | 12,000 | 67,500 | D |
Explanation of responses
- F1The Reporting Person exercised a Stock Appreciation Right based on 12,000 shares of Frequency Electronics common stock, receiving 6,879 shares which is equivalent to the appreciated value of the common stock since the grant date.