SEC Form 4 · accession 0001213900-16-015513
SOLITRON DEVICES INC · SODI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shevach Saraf
10% Owner · Other
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 8:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000091668
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 1, 2016 | D | 331,027 | $3.91 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F3,F1,F2 | $1.05 | Aug 1, 2016 | D | 35,449 | D | — | — | Common Stock | 35,449 | 0 | D |
| Stock Options (right to buy)F3,F1,F2 | $0.40 | Aug 1, 2016 | D | 254,624 | D | — | — | Common Stock | 254,624 | 0 | D |
Explanation of responses
- F1These options were fully vested and immediately exercisable.
- F2These options did not have an expiration date.
- F3These options were purchased and cancelled by Solitron Devices, Inc. ("Solitron") by mutual agreement of the reporting person and Solitron. The reporting person received an aggregate of $995,114.38 as consideration for the purchase and cancellation of these options.