4 1 mcg121002-4.txt FORM 4 12/10/02 4 1 NONE 0001017465 Officer INSTEEL INDUSTRIES, INC. 0000764401 56-0674867 12/10/02 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) Gazmarian, Michael C. 1373 BOGGS DRIVE MOUNT AIRY, NORTH CAROLINA 27030 2. Issuer Name and Ticker or Trading Symbol INSTEEL INDUSTRIES, INC. (IIIN) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Day/Year 12/10/02 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Treasurer 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $2.1200 12/10/02 D (1) 38,323.00 02/16/11 to buy) Incentive Stock Option (right $4.6875 12/10/02 D (1) 14,186.00 08/10/08 to buy) Incentive Stock Option (right $5.2500 12/10/02 D (1) 17,187.00 08/08/10 to buy) Incentive Stock Option (right $6.3750 12/10/02 D (1) 10,431.00 02/03/08 to buy) Incentive Stock Option (right $6.5625 12/10/02 D (1) 10,172.00 (2) 02/09/09 to buy) Incentive Stock Option (right $7.0000 12/10/02 D (1) 3,571.00 02/13/06 to buy) Incentive Stock Option (right $7.1250 12/10/02 D (1) 3,508.00 08/06/06 to buy) Incentive Stock Option (right $7.5000 12/10/02 D (1) 3,333.00 08/15/05 to buy) Incentive Stock Option (right $7.5625 12/10/02 D (1) 7,404.00 08/11/07 to buy) Incentive Stock Option (right $7.8750 12/10/02 D (1) 3,175.00 02/07/05 to buy) Incentive Stock Option (right $8.3750 12/10/02 D (1) 2,125.00 02/01/10 to buy) Incentive Stock Option (right $8.5000 12/10/02 D (1) 20,000.00 09/23/04 to buy) Incentive Stock Option (right $9.1250 12/10/02 D (1) 2,739.00 02/04/07 to buy) Incentive Stock Option (right 12/10/02 D (1) 8,735.00 (2) to buy) Non-Qualified Stock Option $2.1200 12/10/02 D (1) 6,488.00 02/16/11 (right to buy) Non-Qualified Stock Option $5.2500 12/10/02 D (1) 908.00 08/08/10 (right to buy) Non-Qualified Stock Option $8.3750 12/10/02 D (1) 7,457.00 02/01/10 (right to buy) Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right 12/10/02 Common Stock 38,323.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 14,186.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 17,187.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 10,431.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 10,172.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 3,571.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 3,508.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 3,333.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 7,404.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 3,175.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 2,125.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 20,000.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 2,739.00 0.00 D Direct to buy) Incentive Stock Option (right 12/10/02 Common Stock 8,735.00 0.00 D Direct to buy) Non-Qualified Stock Option 12/10/02 Common Stock 6,488.00 0.00 D Direct (right to buy) Non-Qualified Stock Option 12/10/02 Common Stock 908.00 0.00 D Direct (right to buy) Non-Qualified Stock Option 12/10/02 Common Stock 7,457.00 0.00 D Direct (right to buy) Explanation of Responses: (1) Cancellation of option in connection with option exchange program. (2) Option vests in 5 equal installments beginning on the grant date.
SIGNATURE OF REPORTING PERSON /S/ By: Gary D. Kniskern For: Michael C. Gazmarian DATE 12/10/02