MOLINO JOSEPH A JR 4
4 · P&F INDUSTRIES INC · Filed Apr 15, 2013
Insider Transaction Report
Form 4
MOLINO JOSEPH A JR
Vice President, COO & CFO
Transactions
- Award
Stock Option (right to buy)
2013-04-11+15,000→ 15,000 totalExercise: $8.21Exp: 2023-04-10→ Class A Common Stock (15,000 underlying)
Footnotes (1)
- [F1]The option shall vest and become exercisable as to 5,000 shares on April 11, 2014, 5,000 shares on April 11, 2015, and 5,000 shares on April 11, 2016; provided, however, that 100% of the then unvested portion of the option shall vest and become exercisable in the event of an involuntary termination of the Reporting Person without Cause or voluntary termination by the Reporting Person for Good Reason (as defined in the Severance Agreement between the Issuer and the Reporting Person, dated as of June 22, 2012 (the "Severance Agreement")) upon or following a Change in Control (as defined in the Severance Agreement).