SEC Form 4 · accession 0001239944-17-000002
SERVOTRONICS INC /DE/ · SVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth D Trbovich
Officer — President · Director
Period of report
Jan 1, 2017
Accepted (ET)
Jan 4, 2017 · 4:07 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 | Jan 1, 2017 | F | 6,147 | $9.97 | D | 53,001 | D | |
| Common Stock | holding | — | — | — | 4,466 | I | By ESOT | |
| Common StockF3 | holding | — | — | — | 78,688 | 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.
- F3As of the date hereof, includes shares allocated to the Employee Stock Ownership Trust (the "ESOT") accounts of the Reporting Person's father, Dr. Nicholas Trbovich, and the Reporting Person's brothers, Michael Trbovich and Nicholas Trbovich, Jr., 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 family members' ESOT accounts.