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