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PARK AEROSPACE CORP — Director's Dealing 2019
May 9, 2019
33033_dirs_2019-05-09_8a2877ed-8ab3-420f-8432-4980c0b70414.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PARK ELECTROCHEMICAL CORP (PKE)
CIK: 0000076267
Period of Report: 2019-05-07
Reporting Person: SHORE BRIAN E (Director, Board Chairman and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-05-07 | Right to buy option | $16.44 | A | 25000 | Acquired | 2029-05-07 | Common Stock (25000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 425305 | Direct |
| Common Stock | 728599 | Indirect |
| Common Stock | 168615 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Right to buy option | $13.69 | 2019-10-14 | Common Stock (35000) | 35000 | Direct |
| Right to buy option | $10.94 | 2021-10-05 | Common Stock (35000) | 35000 | Direct |
| Right to buy option | $13 | 2022-10-24 | Common Stock (35000) | 35000 | Direct |
| Right to buy option | $18.63 | 2024-02-26 | Common Stock (35000) | 35000 | Direct |
| Right to buy option | $14.46 | 2025-03-02 | Common Stock (30000) | 30000 | Direct |
| Right to buy option | $7.23 | 2026-01-12 | Common Stock (35000) | 35000 | Direct |
Footnotes
F1: The reporting person is a co-executor of the estate of the late Jerry Shore, which holds 728,599 shares of the issuer's common stock. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F2: On March 5, 2018, the reporting person became a co-executor of the estate of the late Cecile Shore, which holds 168,615 shares of the issuer's common stock. The exemption in Rule 16a-2(d)(1) for transactions during the twelve months following the appointment and qualification of executors or administrators of an estate of a decendent expired on March 5, 2019. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interests therein.
F3: Option is exercisable, commencing on the date indicate, as to 25% of the aggregate number of shares listed and as to an additional 25% of such shares on ezch of the succeeding three anniversaries of such date.