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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ENVIRONMENTAL TECTONICS CORP [ ETC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/05/2004 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 17,000 | I | By Equity Management, LLC(1) | |||||||
Common Stock | 7,000 | I | By trusts(2) | |||||||
Common Stock | 26,900 | I | By Allied Williams Co., Inc.(3) | |||||||
Common Stock | 14,300 | I | T. Todd Martin, III and spouse | |||||||
Common Stock | 619,900 | D(6) | ||||||||
Common Stock | 01/05/2004 | P | 5,000 | A | $7.8 | 130,300 | I | T. Todd Martin, III(4) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
ETC Stock Purchase Warrant | $0.5 | 12/29/2001 | 03/27/2004 | Common Stock | 332,820 | 332,820 | D | ||||||||
Environmental Tectonics Corporation Stock Purchase Warrant | $4(5) | 02/26/2003 | 02/19/2009 | Common Stock | 105,000 | 105,000 | D |
Explanation of Responses: |
1. By Equity Management, LLC -- Mr. Martin is the manager of Equity Management, LLC |
2. By Trusts -- Mr. Martin is the trustee of the trusts |
3. By Allied Williams Co., Inc. -- Mr. Martin is an officer and director of Allied Williams Co., Inc. |
4. By T. Todd Martin, III -- Mr. Martin is the manager of the reporting person |
5. The exercise price is equal to the lesser of $4.00 per share or 66 2/3% of the Market Price, as such term is defined in that certain Environmental Tectonics Corporation Stock Purchase Warrant dated February 24, 2003 |
6. Effective August 13, 2003, the name of the Reporting Person was changed from ETC Asset Management, L.L.C. to Advanced Technology Asset Management, L.L.C. |
/s/ T. Todd Martin, III, individually, as Manager of the Reporting Person, as Vice President of Allied Williams Companies, Inc., and Manager of Equity Management, LLC | 01/07/2004 | |
** 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. | ||
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. |