SERRONE H JAMES 4
4 · TOROTEL INC · Filed Nov 12, 2020
Insider Transaction Report
Form 4
TOROTEL INCTTLO
SERRONE H JAMES
DirectorCFO
Transactions
- Disposition to Issuer
Common Stock
2020-11-10$6.17/sh−196,916$1,214,972→ 0 total
Footnotes (1)
- [F1]On November 10, 2020, Torotel, Inc. ("Torotel") merged with and into Thunder Merger Sub, Inc. (the "Merger"). As a result of the Merger, Torotel's outstanding shares were converted into the right to receive cash. The reporting person is filing this Form 4 to report disposition of Torotel securities as a result of the Merger. The reporting person made no market sales or purchases in connection with the dispositions reported in this Form 4.