SEC Form 4 · accession 0001144204-15-021401
P&F INDUSTRIES INC · PFIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A Molino Jr.
Officer — Vice President
Period of report
Apr 2, 2015
Accepted (ET)
Apr 6, 2015 · 6:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000075340
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Apr 2, 2015 | A | 2,500 | $0.00 | A | 13,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 2,500 shares represent shares of Restricted Stock granted pursuant to the P&F Industries, Inc. 2012 Stock Incentive Plan (the "Plan"). The shares shall vest as to 833 shares on April 2, 2016, 833 shares on April 2, 2017, and 834 shares on April 2, 2018; provided, however, that 100% of the then unvested portion of the shares shall vest in the event of the reporting person's death or termination due to disability or upon a Change in Control (as defined in the Plan).