SEC Form 4 · accession 0001185185-15-000908
FREQUENCY ELECTRONICS INC · FEIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas McClelland
Officer — Vice President
Period of report
Apr 13, 2015
Accepted (ET)
Apr 15, 2015 · 9:53 am 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 | Apr 13, 2015 | M | 2,250 | $11.16 | A | 3,182 | D | |
| Common Stock | Apr 13, 2015 | F | 1,738 | $14.45 | D | 1,444 | D | |
| Common Stock | Apr 13, 2015 | M | 5,000 | $9.91 | A | 6,444 | D | |
| Common Stock | Apr 13, 2015 | F | 3,429 | $14.45 | D | 3,015 | D | |
| Common Stock | Apr 13, 2015 | M | 5,000 | $11.22 | A | 8,015 | D | |
| Common Stock | Apr 13, 2015 | F | 3,346 | $14.45 | D | 4,669 | 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 | $11.16 | Apr 13, 2015 | M | 2,250 | D | Apr 25, 2008 | Apr 24, 2017 | Common Stock | 2,250 | 77,000 | D |
| Stock Appreciation RightsF1 | $9.91 | Apr 13, 2015 | M | 5,000 | D | Aug 29, 2008 | Aug 28, 2017 | Common Stock | 5,000 | 72,000 | D |
| Stock Appreciation RightsF1 | $9.67 | Apr 13, 2015 | M | 5,000 | D | Dec 11, 2008 | Dec 10, 2017 | Common Stock | 5,000 | 67,000 | D |
Explanation of responses
- F1The Reporting Person exercised Stock Appreciation Rights based on an aggregate of 12,250 shares of Frequency Electronics common stock, receiving an aggregate of 3,737 shares which is equivalent to the combined appreciated value of the common stock since each grant date.