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CPI AEROSTRUCTURES INC — Director's Dealing 2021
Apr 23, 2021
34768_dirs_2021-04-23_1974e97b-af7f-4bbc-88a8-c7e174d6f08e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2021-04-21
Reporting Person: McCrosson Douglas (Director, President, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-04-21 | Common Stock | D | 18982 | — | Disposed | 123928 | Direct |
| 2021-04-21 | Common Stock | A | 64698 | — | Acquired | 188626 | Direct |
| 2021-04-21 | Common Stock | F | 4177 | $4.24 | Disposed | 184449 | Direct |
Footnotes
F1: Represents the forfeiture of performance-based restricted stock originally granted to the reporting person on March 1, 2017, March 21, 2018, April 2, 2019, and August 25, 2020, which were eligible to vest based on certian financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On April 21, 2021, the Company determined that, based on the Company's performance over the applicable performance period, an aggregate of 18,982 shares would be forfeited.
F2: Represents shares withheld to satisfy tax obligations.