4 1 form4hs22001.txt FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL Check this box if Washington, D.C. 20549 OMB Number: 3235-0287Expires: December no longer STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 31, 2001 subject to Filed pursuant to Section 16(a) of the Securities Exchange Estimated average burdenhours per Section 16. Act of 1934, Section 17(a) of the Public Utility response .... 0.5 Form 4 or Form 5 Holding Company Act of 1935 or Section 30(f) of the obligations may Investment Company Act of 1940 continue. See Instruction 1(b)
1. Name and Address of 2.Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to Issuer (Check allapplicable) Reporting Person* Director 10% Owner X Officer (give Other (specify) title below) Treasurer and Controller Orbit International Corp. ("ORBT")3.IRS or Social Security Number of ReportingPerson (Voluntary)4.Statement forMonth/Year February 20015. If Amendment, Date of Original 7. Individual or Joint/Group Filing (Check ApplicableLine) Sylvan (Month/Year) Harlan X Form filed by One Reporting Person Form filed by More than One Reporting Person (Last)(First) (Middle) c/o 80 Cabot Court (Street) Hauppauge New York 11788 (City)(State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security 2.Trans- 3.Trans-actionCode4.Securities Acquired (A)or Disposed of (D)5.Amount ofSecurities6.Owner-7.Nature (Instr. 3) action (Instr. 8)Code(Instr. 3, 4 and 5) Amount(A) or(D)BeneficiallyOwned atshipof In- Date End of Form: direct Price Month Direct Bene- (Month/ Day/ (D) or ficial Year) (Instr. 3 and4)IndirectOwner- (I) ship (Instr. 4)(Instr. 4)
*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). 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 2.Conver-3.Trans-action4.Transac-tion Code5.Number of Deriv-ative SecuritiesAcquired (A) orDisposed of (D)(Instr. 3, 4, and 5) (A) 6.Date Exer-cisable and Ex-piration Date(Month/Day/Year)Date7.Title and Amount of 8.Priceof9.Numberof Deriv-ative 10.Owner-ship11.Na- Derivative Security(Instr. 3)sion orExerciseDateExer-Expira-tionUnderlying Securities(Instr. 3 and 4) TitleDeriv-ativeSecur-itySecur-Formture Price ofDeriva-tiveSecurity(Month/Day/(Instr. 8)Code VcisableDate(Instr.5)itiesof De-rivativeSecu-of In- Year) Bene- rity; direct Amount or ficiallyOwnedDirect(D) orIndi-Bene- Number ofSharesat Endrect (I)ficial of (Instr. 4)Own- (D) Month ership (Instr. 4) (Instr. 4) Options to purchaseCommon 1/25/01A(1) V10,0001/25/021/25/11Common Stock10,000 N/A56,666 D Stock (1) $.94 pershare
Explanation of Responses: (1) Granted pursuant to the Issuer's 2000 Employee Stock Option Plan, following a vote of the Board of Directors at a meeting held on January 25, 2001. /s/ Harlan Sylvan 2/7/01 **Signature of Reporting Person Date **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Page 2 SEC 1474 (7/96)