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)$9.51 (100)
Ask (Size)$9.68 (100)
Day Low / High$9.78 - 9.78

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

11:20AM ET 10/25/2019 MT Newswires
On Oct 22, 2019, Adrian Lalicata, VP of Rf and Microwave Systems, exercised options/derivative securities for 36,000 shares of Frequency Electronics (FEIM) and sold 24,593 shares in the company for $285,279 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 11,407 company shares. Subsequent to the Form 4 filing with the SEC, Lalicata owns 1,917 shares of company stock, with a market value, based on the prior-day closing price, of $22,323. In addition the company has granted Lalicata stock options of which 178,000 are currently in the money and have an approximate value of $707,990 as of yesterday's closing price.

Over the last 90 days, previous to the date of this filing, there have been 9 insider transactions reported to the SEC for Frequency Electronics. These transactions came from the activities of 4 individual insiders that resulted in a net acquisition of 14,393 company shares. This compares with the preceding 90-day window of time where there were 5 transactions from 2 insiders which resulted in the net acquisition of 42,236 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 66.2 transactions per company, and disposition of 15,956 shares on average.

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