THOMAS MCCLELLAND - 14 Dec 2021 Form 4 Insider Report for FREQUENCY ELECTRONICS INC (FEIM)

Role
VP of Advanced Development
Signature
/s/ Steven Bernstein by power of attorney
Issuer symbol
FEIM
Transactions as of
14 Dec 2021
Transactions value $
$0
Form type
4
Filing time
16 Dec 2021, 14:19:46 UTC
Previous filing
02 Nov 2021
Next filing
04 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FEIM Common Stock Options Exercise $72,500 +10,000 +96.69% $7.25 20,342 14 Dec 2021 Direct
transaction FEIM Common Stock Tax liability -$72,500 -7,672 -37.72% $9.45 12,670 14 Dec 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FEIM Stock Appreciation Rights Options Exercise $0 -10,000 -21.74% $0 36,000 14 Dec 2021 Common Stock 10,000 $7.25 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person exercised a Stock Appreciation Right based on 10,000 shares of Frequency Electronics common stock, receiving 2,328 shares, which is equivalent to the appreciated value of the common stock since the grant date.
F2 Total also reflects the expiration of 10,000 Stock Appreciation Rights previously granted to the Reporting Person that have expired without being exercised.