SEC Form 4 · accession 0001185185-19-000052
FREQUENCY ELECTRONICS INC · FEIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Schwartz
Director
Period of report
Jan 8, 2019
Accepted (ET)
Jan 14, 2019 · 10:09 am EST
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 | Jan 8, 2019 | M | 6,000 | $3.15 | A | 6,000 | D | |
| Common Stock | Jan 8, 2019 | F | 1,823 | $10.37 | D | 4,177 | 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 | $3.15 | Jan 8, 2019 | M | 6,000 | D | Jan 29, 2010 | Jan 28, 2019 | Common Stock | 6,000 | 70,000 | D |
Explanation of responses
- F1The reporting Person exercised a Stock Appreciation Right based on 6,000 shares of Frequency Electronics common stock, receiving 4,177 shares which is equivalent to the appreciated value of the common stock since the grant date.