SEC Form 4 · accession 0001185185-15-001108
FREQUENCY ELECTRONICS INC · FEIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph P Franklin
Officer — Chairman of the Board · Director
Period of report
Apr 30, 2015
Accepted (ET)
May 4, 2015 · 5:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039020
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF3,F2,F1 | $13.24 | Apr 30, 2015 | A | 10,000 | A | Apr 30, 2016 | Apr 29, 2025 | Common Stock | 10,000 | 46,000 | D |
Explanation of responses
- F1Stock Appreciation Rights are exercisable on a cumulative basis as to one-quarter of the total number of shares covered by the grant on each of the first, second, third and fourth anniversary dates of the date of Stock Appreciation Rights grant.
- F2Stock Appreciation Rights are granted at the market value of the Company's Common Stock on the date of grant.
- F3Upon exercise of a Stock Appreciation Right, the grantee will be awarded shares of Common Stock, the value of which is equal to the increase in value of the Common Stock between the grant date and the date of exercise. (Stock-settled SAR).