FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/23/2006 |
3. Issuer Name and Ticker or Trading Symbol
RELM WIRELESS CORP [ (RWC) ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 16,500 | D | |
Common Stock | 1,298 | I | See footnote(1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (right to buy) | (2) | 01/03/2010 | Common Stock | 20,000 | $2.875 | D | |
Employee Stock Option (right to buy) | (3) | 11/18/2010 | Common Stock | 22,000 | $1 | D | |
Employee Stock Option (right to buy) | (4) | 01/25/2012 | Common Stock | 20,000 | $1.1 | D | |
Employee Stock Option (right to buy) | (5) | 02/10/2014 | Common Stock | 5,000 | $2.05 | D | |
Employee Stock Option (right to buy) | (6) | 05/05/2014 | Common Stock | 20,000 | $2.35 | D | |
Employee Stock Option (right to buy) | (7) | 02/22/2015 | Common Stock | 10,000 | $2.1 | D | |
Employee Stock Option (right to buy) | (8) | 10/27/2015 | Common Stock | 15,000 | $4.5 | D | |
Employee Stock Option (right to buy) | (9) | 02/22/2016 | Common Stock | 25,000 | $11.4 | D |
Explanation of Responses: |
1. By the reporting person's children whom have granted to him a power-of-attorney over such shares. |
2. The options vested in 25% increments over four years beginnng January 2, 2001. |
3. The options vested in 25% increments over four years beginnng November 17, 2001. |
4. The options vested in 25% increments over four years beginnng January 25, 2012. |
5. The options vested 100% on February 11, 2004. |
6. The options vested in 25% increments over four years beginning May 5, 2004. |
7. The options vested 100% on February 23, 2005. |
8. The options vested 100% on October 28, 2005. |
9. The options vested in whole or in part on the first anniversary of the date of grant depending upon the Issuer's achievement in 2006 of specified levels of sales and pre-tax income. For information concerning the formula to determine the number of options that vest, if any, reference is made to the Issuer's Current Report on Form 8-K dated February 23, 2006. |
/s/ Harold B. Cook | 03/30/2006 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |