4 1 form4ds102001a.txt FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number:3235-0287 Filed pursuant to Section 16(a) of the Securities Exchange Expires:April 30, 1997 Act of 1934, Section 17(a) of the Public Utility Estimated average burdenhours per response0.5 Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1990 9 Check this box if nolonger subject to Section 16. Form 4 or Form 5 obligations may Continue. See Instructions 1(b) 1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol6. Relationship of Reporting Reporting Person Orbit International Corp. (Nasdaq: "ORBT")Person to Issuer (Check all applicable) X Director X Sunshine Dennis 10% Owner X Officer (give Other (specify title below) below) President and Chief Executive Officer (Last) 3. IRS Numberof 4. Statement for 7. Individual or Joint/Group Filing (Check applicable line) Month/Year (First) Reporting Person (Voluntary) X Form filed by October 2001 one Reporting Person (Middle) Form filed by c/o Orbit International Corp.80 Cabot Court more than one Reporting Person (Street) 5. If Amendment, Date of Original (Month/Year) Hauppauge New York 11788 (City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED 1. Title of Security 2. 3. Transaction Code4. Securities 5. Amount of Securities 6. Owner- ship Form: Direct 7. Nature (Instr. 3) Trans- (Instr. 8)Acquired Beneficially Owned at End of(D) or of Indirect Beneficial Owner- (A) or Disposed of Month Indirect (I) ship action (D) (Instr. 4) (Instr. 4) Date (Month/ Day/ Year)(Instr. 3, 4 and 5)(Instr. 3 and 4) Code V Amount(A) Price or (D) Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) 1. Title of DerivativeSecurity2.3.4. 5. 6. Date Exercisableand ExpirationDate (Month/Day/Year)7. Title and Amountof8. Priceof9. Numberof 10. Owner-ship 11. (Instr. 3) ConversionorTrans-Transac-tionNumber of UnderlyingSecuritiesDerivativeSecuritiesBeneficiallyOwnedForm Na- ExercisePrice ofDerivativeSecurityactionCodeDerivativeSecuritiesAcquired (Instr. Derivative Securityat End of DerivativeSecurity:tureof In-directBene-ficialOwn-ership Date (Instr.8)(A) or 3 and 4) (Instr. 5)of Direct (D) or(Instr. (Month/ Day/ Disposed Month 4) Year) of (D) Indirect (I) Instr. (Instr. 4)(Instr. 4) 3, 4, and 5) Date Expira-tion Title Date Amount or Exer-cisable Number ofShares CodeV (A) (D) Option to purchase CommonStock$1.6710/4/01A(A) 10/4/0210/4/11Common45,000 $1.67 136,666 (D) Stock Explanation of Responses: ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Dennis Sunshine 11/06/01 __ Signature Date Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. S:\dlb\Orbit Int. Corp\Form 4\Form 4 - Sunshine - 45,000 options 10-01.wpd