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ALPHA PRO TECH LTD — Director's Dealing 2013
Sep 5, 2013
34573_dirs_2013-09-05_e34917bf-fc1b-4d18-b67e-87917457e8c3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ALPHA PRO TECH LTD (APT)
CIK: 0000884269
Period of Report: 2013-09-03
Reporting Person: HOFFMAN SHELDON (Director, C.E.O.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-09-03 | common stock | M | 100000 | $1.23 | Acquired | 1170189 | Direct |
| 2013-09-03 | common stock | S | 100000 | $1.51 | Disposed | 1070189 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-09-03 | employee stock options ( right to buy) | $1.23 | M | 33333 | Disposed | 2013-09-10 | common stock (33333) | Direct |
| 2013-09-03 | employee stock options ( right to buy) | $1.23 | M | 33333 | Disposed | 2013-09-10 | common stock (33333) | Direct |
| 2013-09-03 | eomployee stock options ( righ to buy) | $1.23 | M | 33334 | Disposed | 2013-09-10 | common stock (33334) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| common stock | 410051 | Indirect |
| common stock | 44325 | Indirect |
Footnotes
F1: This total also reflects the expiration and disposition of 100,000 stock options granted to the reporting person on August 23,2006 with an exercise price of $1.98, which expired on August 22, 2011 and 100,000 stock options granted to the reporting person on August 29,2007 with an exercise price of $1.50, which expired on August 29, 2012 (the"Expired Options"). The reporting person did not receive any value in connection with the expiration of the Expired Options; therefore, the resulting disposition of the Expired Options was exempt from Section 16(b) by virtue of Rule 16b-6(d) and further from the reporting requirements of Section 16(a) by virtue of Rule 16a-4(d), both rules promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.