-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NKOkOEewqjK8dZSbF1WRFkfrAJravkQGu4tSJfaHyLT5tP1vg6OcnJoRy8XLugzH cvwzWnyex1nKSwXEmVWBuw== 0001005977-04-000007.txt : 20041015 0001005977-04-000007.hdr.sgml : 20041015 20041015113927 ACCESSION NUMBER: 0001005977-04-000007 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041013 FILED AS OF DATE: 20041015 DATE AS OF CHANGE: 20041015 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: REISSMAN BRUCE CENTRAL INDEX KEY: 0001005977 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-03936 FILM NUMBER: 041080228 BUSINESS ADDRESS: STREET 1: 80 CABOT COURT CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 5164358300 MAIL ADDRESS: STREET 1: C/O ORBIT INTERNATIONAL CORP STREET 2: 80 CABOT CT CITY: HAUPPAUGE STATE: NY ZIP: 11788 4 1 primary_doc.xml PRIMARY DOCUMENT X0202 4 2004-10-13 0 0000074818 ORBIT INTERNATIONAL CORP ORBT 0001005977 REISSMAN BRUCE C/O ORBIT INTERNATIONAL CORP 80 CABOT CT HAUPPAUGE NY 11788 1 1 1 0 Executive VP and COO Common Stock, $.10 par value 2004-10-13 4 A 0 75000 A 369631 D On October 13, 2004, the Issuer, as part of a retention agreement, issued to the Reporting Person 75,000 shares of common stock of the Issuer, valued at $6.65 per share, which shares will be held in escrow, subject to forfeiture, and shall vest over a period of ten years, provided the Reporting Person is still employed and subject to acceleration for death or a change of control, as follows: (i) 22,500 shall vest on October 13, 2007, (ii) 7,500 shall vest on October 13, 2008, (iii) 7,500 shall vest on October 13, 2009, (iv) 7,500 shall vest on October 13, 2010, (v) 7,500 shall vest on October 13, 2011, (vi) 7,500 shall vest on October 13, 2012, (vii) 7,500 shall vest on October 13, 2013, (viii) 7,500 shall vest on October 13, 2014. While the shares are held in escrow, the escrow agent will vote such shares and hold any dividends until the shares are released or retired. /s/ Bruce Reissman 2004-10-15 -----END PRIVACY-ENHANCED MESSAGE-----