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AMERICAN SHARED HOSPITAL SERVICES — Director's Dealing 2015
May 6, 2015
34986_dirs_2015-05-06_98d58ba3-c53c-4621-b166-f470c73edd62.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK: 0000744825
Period of Report: 2015-05-04
Reporting Person: TROTMAN STANLEY S JR (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-05-04 | Common Stock | M | 2000 | $2.3 | Acquired | 327834 | Direct |
| 2015-05-04 | Common Stock | F | 1723 | $2.67 | Disposed | 326111 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-05-04 | Non-Qualified Stock Options (right to buy) | $2.3 | M | 2000 | Disposed | 2015-06-20 | Common Stock (2000) | Direct |
Footnotes
F1: The stock option grant was set to expire on June 20, 2015. The stock option was exercised using a cashless settlement in accordance with the terms of the Issuer's Incentive Compensation Plan as Amended and Restated Effective March 18, 2010. A cashless settlement results in the reporting person holding shares upon exercise of the stock option and obligates them to surrender a portion of the shares received upon exercise of the stock option in order to satisfy the aggregate exercise price obligation.
F2: This component of the cashless settlement reflects the shares that the reporting person was obligated to surrender to the Issuer to pay for the aggregate exercise price for the shares acquired on May 4, 2015.