SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MORGAN GARY J

(Last) (First) (Middle)
C/O MET-PRO CORPORATION
PO BOX 144

(Street)
HARLEYSVILLE PA 19438

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MET PRO CORP [ MPR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
VP Finance, Secretary, Treasur
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, Par Value $ .10 11,901 D
Common Stock, Par Value $.10 03/16/2006 A 311 A $0(1) 18,792 I Held in ESOT/401K
Common Stock, Par Value $.10 01/31/2006 I(2) 364 A (3) 19,156 I Held in ESOT/401K
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Statutory Stock Purchase Option $5.5547 12/16/2001 12/16/2009 Common Stock 9,867 9,867 D
Statutory Stock Purchase Option $6.8063 02/26/2003 02/26/2011 Common Stock 11,556 21,423 D
Statutory Stock Purchase Option $7.3969 02/25/2004 02/25/2012 Common Stock 11,556 32,979 D
Statutory Stock Purchase Option $7.3575 (4) 02/24/2013 Common Stock 13,334 46,313 D
Statutory Stock Purchase Option $12.8587 (5) 02/23/2014 Common Stock 11,907 58,220 D
Non-Statutory Stock Purchase Option $12.8587 02/23/2004 02/23/2014 Common Stock 1,427 59,647 D
Statutory Stock Purchase Option $9.8813 (6) 02/22/2015 Common Stock 13,334 72,981 D
Statutory Stock Purchase Option $12.05 (7) 12/15/2015 Common Stock 6,411 79,392 D
Non-Statutory Stock Purchase Option $12.05 (8) 12/15/2015 Common Stock 7,589 86,981 D
Explanation of Responses:
1. To report allocation of ESOP shares at no cost.
2. Represents the shares purchased using the employer's contribution under Met-Pro Corporation's 401(k) plan for the period 2/1/2005 to 1/31/2006, reported voluntarily and reported for record-keeping purposes only.
3. Shares were purchased at various prices under Met-Pro Corporation's 401(k) plan for the period 2/1/2005 to 1/31/2006.
4. Exercisable 02/24/2003 as to 4,444 shares, 02/24/2004 as to 4,445 and 02/24/2005 as to 4,445 shares.
5. Exercisable 02/23/2004 as to 3,017 shares, 01/28/2005 as to 3,467 shares, 01/28/2005 as to 2,711 shares and 01/28/2005 as to 2,712 shares.
6. Exercisable 02/22/2005 as to 4,444 shares, 02/22/2006 as to 4,445 shares and 02/22/2007 as to 4,445 shares.
7. Exercisable 12/15/2006 as to 1,760 shares and 12/15/2007 as to 4,651 shares.
8. Exercisable 12/15/2005 as to 4,667 shares, 12/15/2006 as to 2,907 shares and 12/15/2007 as to 15 shares.
Remarks:
Gary J. Morgan 03/16/2006
** 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 4 (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.
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