FREQUENCY ELECTRONICS INC 4
4 · FREQUENCY ELECTRONICS INC · Filed Oct 24, 2003
Insider Transaction Report
Form 4
MILLER ALAN L
Treasurer & CFO
Transactions
- Award
Incentive Stock Option
2003-08-01+7,000→ 37,875 totalExercise: $9.57From: 2004-08-01Exp: 2013-07-31→ Common Stock (7,000 underlying)
Footnotes (3)
- [F1]On or about August 1, 2003, Frequency Electronics (the "Company") issued to the Reporting Person an option to purchase 7,000 shares of Common Stock at an exercise price of $9.575. This option becomes exercisable on August 1, 2004 and expires on July 31, 2013. The Reporting Person inadvertently failed to timely file this Statement of Changes in Beneficial Ownership on Form 4
- [F2]Option grants are exercisable on a cumulative basis as to one-quarter of the total number of shares covered by the grant on each of the first, second, third and fourth anniversary dates of the date of option grant.
- [F3]Options are granted at the market value of the Company's Common Stock on the date of grant.