SEC Form 4 · accession 0001239944-17-000001
SERVOTRONICS INC /DE/ · SVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas D Dr Trbovich
Officer — Chairman and CEO · Director · 10% Owner
Period of report
Jan 1, 2017
Accepted (ET)
Jan 4, 2017 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000089140
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jan 1, 2017 | F | 6,147 | $9.97 | D | 445,628 | D | |
| Common StockF3 | holding | — | — | — | 38,081 | I | By ESOT | |
| Common StockF4 | holding | — | — | — | 45,073 | I | As trustee of ESOT (shares allocated to accounts of the Reporting Person's family members) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 1, 2017, 15,000 restricted shares vested and the Reporting Person instructed the Company to withhold 6,147 shares to cover tax withholding obligations as permitted under the Company's 2012 Long-Term Incentive Plan.
- F2As of the date hereof, the Reporting Person's direct beneficial ownership includes 15,000 restricted shares granted under the Company's 2012 Long-Term Incentive Plan that have not yet vested.
- F31,701 shares were distributed to the Reporting Person from his account under the Company's Employee Stock Ownership Trust (the "ESOT") since the Reporting Person's last Section 16 report.
- F4As of the date hereof, includes shares allocated to the ESOT accounts of Kenneth Trbovich, Michael Trbovich and Nicholas Trbovich, Jr., children of the Reporting Person, that the Reporting Person is required to report pursuant to Rule 16a-8(b)(2). The Reporting Person disclaims beneficial interest in the shares allocated to his children's ESOT accounts.