SEC Form 4 · accession 0001185185-15-001040
FREQUENCY ELECTRONICS INC · FEIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph P Franklin
Officer — Chairman, Board of Directors · Director
Period of report
Apr 28, 2015
Accepted (ET)
Apr 29, 2015 · 12:17 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 | Apr 28, 2015 | M | 6,000 | $3.30 | A | 13,855 | D | |
| Common Stock | Apr 28, 2015 | F | 1,500 | $13.20 | D | 12,355 | D | |
| Common Stock | Apr 28, 2015 | M | 10,000 | $4.60 | A | 22,355 | D | |
| Common Stock | Apr 28, 2015 | F | 3,485 | $13.20 | D | 18,870 | 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 | $3.30 | Apr 28, 2015 | M | 6,000 | D | Mar 11, 2010 | Mar 10, 2019 | Common Stock | 6,000 | 46,000 | D |
| Stock Appreciation RightsF1 | $4.60 | Apr 28, 2015 | M | 10,000 | D | Oct 27, 2010 | Oct 26, 2019 | Common Stock | 10,000 | 36,000 | D |
Explanation of responses
- F1The Reporting Person exercised Stock Appreciation Rights based on an aggregate of 16,000 shares of Frequency Electronics common stock, receiving an aggregate of 11,015 shares which is equivalent to the combined appreciated value of the common stock since each grant date.