SEC Form 4 · accession 0001144204-18-007426
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, COO & CFO
Period of report
Feb 9, 2018
Accepted (ET)
Feb 12, 2018 · 7:00 pm EST
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 Stock | Feb 9, 2018 | M | 26,130 | $3.98 | A | 54,130 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $3.98 | Feb 9, 2018 | M | 26,130 | A | — | Jun 23, 2018 | Class A Common Stock | 26,130 | 0 | D |
Explanation of responses
- F1Option was originally granted on June 24, 2008 as follows: 25,000 shares with an exercise price of $4.16 per share. Such option became fully vested and exercisable on June 24, 2011. As a result of a special cash dividend paid to stockholders of the Issuer in April 2016, in accordance with the terms of the Issuer's stock option plans and applicable Internal Revenue Code rules, the number of options held by all of Issuer's option holders and the exercise price of such options were equitably adjusted.