Frequency Electronics Inc FEIM:NASDAQ

Last Price$9.37Cboe Previous Close - Real-Time Last Sale as of 4:53PM ET 7/13/20
Cboe Real-Time Quotes
Today's Change0.00(0.00%)
Bid (Size)$9.33 (100)
Ask (Size)$9.66 (200)
Day Low / High$9.55 - 9.78
Volume2.6 K

Insider Trends: Insider at Frequency Electronics Acquires Stock Via Conversion of Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

12:17PM ET 7/26/2019 MT Newswires
On Jul 23, 2019, Martin B Bloch, Director and Exec. Chairman of The Board, exercised options/derivative securities for 55,000 shares of Frequency Electronics (FEIM) and sold 20,670 shares in the company for $253,001 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 34,330 company shares. Bloch, following the transactions described in the Form 4 SEC filing, has 34,330 shares of the company, which have a market value of $403,378 as of the prior-day closing price. In addition the company has granted Bloch stock options of which 266,000 are currently in the money and have an approximate value of $1,901,900 as of yesterday's closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 2 insider transactions from the activity of one insider all of which have been purchases and resulted in the acquisition of 5,206 company shares. This compares with the preceding 90-day window of time where there were 11 transactions from 3 insiders and resulted in the net acquisition of 36,040 shares.

This level of transactions is below that of the peer group average in the 15-company Electronic Equipment & Parts peer group over the last 90-day period. Peer group activity averaged 61.4 transactions per company, and disposition of 34,686 shares on average.

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