0000074818-13-000007.txt : 20130103 0000074818-13-000007.hdr.sgml : 20130103 20130103191508 ACCESSION NUMBER: 0000074818-13-000007 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130101 FILED AS OF DATE: 20130103 DATE AS OF CHANGE: 20130103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Schmidt Karl CENTRAL INDEX KEY: 0001558635 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-03936 FILM NUMBER: 13509191 MAIL ADDRESS: STREET 1: 80 CABOT COURT CITY: HAUPPAUGE STATE: NY ZIP: 11788 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ORBIT INTERNATIONAL CORP CENTRAL INDEX KEY: 0000074818 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 111826363 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 80 CABOT COURT CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 7136675601 MAIL ADDRESS: STREET 1: 80 CABOT COURT CITY: HAUPPAUGE STATE: NY ZIP: 11788 FORMER COMPANY: FORMER CONFORMED NAME: ORBIT INSTRUMENT CORP DATE OF NAME CHANGE: 19911015 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2013-01-01 0 0000074818 ORBIT INTERNATIONAL CORP orbt 0001558635 Schmidt Karl 80 CABOT COURT HAUPPAUGE NY 11788 0 1 0 0 Exec VP and COO Behlman Elec. Common Stock, $.10 par value 2013-01-01 4 A 0 25000 A 30250 D On January 1, 2013, the Issuer issued to the Reporting Person 25,000 shares of restricted stock valued at $3.23 per share. These shares are subject to forfeiture and acceleration in vesting for death, permanent disability and change in control. In addition, fifty percent of any unvested shares of the Reporting Person shall accelerate in vesting immediately upon retirement of such Reporting Person, provided such Reporting Person is age 73 or odler at the time of retirement. The shares shall vest, provided the Reporting Person is still employed, over a seven year period as follows: (i) 3,500 shares on each January 1, commencing on January 1, 2014 and continuing through Janaury 1, 2019 and (ii) 4,000 shares on January 1, 2020. /s/ Karl Schmidt 2013-01-03