SEC Form 4 · accession 0001239944-18-000033
SERVOTRONICS INC /DE/ · SVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth D Trbovich
Officer — President & CEO · Director
Period of report
May 25, 2018
Accepted (ET)
May 30, 2018 · 4:23 pm EDT
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 | May 25, 2018 | A | 45,000 | — | D | 104,663 | D | |
| Common Stock | holding | — | — | — | 4,956 | I | By ESOT | |
| Common StockF3 | holding | — | — | — | 40,608 | 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
- F1Award of restricted shares pursuant to the Company's 2012 Long-Term Incentive Plan. These restricted shares vest one-third each on January 1, 2019, 2020 and 2021.
- F2As of the date hereof, the Reporting Person's direct beneficial ownership includes 45,000 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 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.