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PARK AEROSPACE CORP — Director's Dealing 2021
Aug 4, 2021
33033_dirs_2021-08-04_d32efd06-0150-4539-acb8-e7777d0ac8e9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PARK AEROSPACE CORP (PKE)
CIK: 0000076267
Period of Report: 2021-08-03
Reporting Person: SHORE BRIAN E (Director, Board Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-08-03 | Common Stock | M | 35000 | $9.94 | Acquired | 616744 | Direct |
| 2021-08-03 | Common Stock | S | 29125 | $15.06 | Disposed | 587619 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-03 | Right to buy option | $9.94 | S | 35000 | Disposed | 2021-10-05 | Common Stock (35000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 56205 | Indirect |
| Common Stock | 56205 | Indirect |
| Common Stock | 56205 | Indirect |
| Common Stock | 85427 | Indirect |
| Common Stock | 85427 | Indirect |
| Common Stock | 85427 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Right to buy option | $12.0000 | 2022-10-24 | Common Stock (35000) | 35000 | Direct |
| Right to buy option | $17.6300 | 2024-02-26 | Common Stock (35000) | 35000 | Direct |
| Right to buy option | $13.4600 | 2025-03-02 | Common Stock (30000) | 30000 | Direct |
| Right to buy option | $6.2300 | 2026-01-12 | Common Stock (35000) | 35000 | Direct |
| Right to buy option | $15.4400 | 2029-05-07 | Common Stock (25000) | 25000 | Direct |
| Right to buy option | $12.5800 | 2030-04-09 | Common Stock (30000) | 30000 | Direct |
| Right to buy option | $13.8000 | 2031-04-02 | Common Stock (30000) | 30000 | Direct |
Footnotes
F1: The reporting person is the beneficiary and, with his siblings, Peter Shore and Robin Shore, co-trustee of the trusts.
F2: The reporting person in co-trustee of the trusts with his siblings, Peter Shore and Robin Shore, who are beneficiaries of the trusts. The reporting person disclaims beneficial ownership of the shares held by the trusts except to the extent of his pecuniary interest therein.
F3: Option is exercisable commencing on the date indicated, as to 25% of the aggregate number of shares listed and as to an additional 25% of such shares on each of the succeding three anniversaries of such date.
F4: Shares sold to cover exercise price of the options exercised and the estimated taxes on the gain in order to achieve a cash neutral position.