4 1 edgar.htm 4 Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Filed By
Romeo and Dye's
Section 16 Filer
www.section16.net

1. Name and Address of Reporting Person*

Trbovich, Jr., Nicholas D.

2. Issuer Name and Ticker or Trading Symbol
Servotronics, Inc. (SVT)

6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
X Director                                       10% Owner
X Officer (give title below)          Other (specify below)

Vice President                                    

(Last)      (First)     (Middle)

1110 Maple Street, P.O. Box 300
 

3. I.R.S. Identification Number
of Reporting Person,
if an entity (voluntary)

 

4. Statement for
Month/Day/Year
4/11/03

(Street)

Elma, NY 14059-0300

5. If Amendment,
Date of Original
(Month/Day/Year)
 		 7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
    Form filed by More than One Reporting Person

(City)     (State)     (Zip)

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)

2. Trans-
action
Date
(Month/ Day/
Year)

2A. Deemed
Execution
Date,
if any
(Month/Day/
Year)

3. Trans-
action Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 & 5)

5. Amount of
Securities
Beneficially
Owned Follow-
ing Reported Transactions(s)
(Instr. 3 & 4)

6. Owner-
ship Form:
Direct (D)
or Indirect (I)
(Instr. 4)

7. Nature of Indirect
Beneficial Ownership
(Instr. 4)

Code

V

Amount

(A)
or
(D)

Price

Common Stock

3/17/03

 

L

V

1,000

A

$2.35

15,814(1)

D

 

Common Stock

 

 

 

 

 

 

 

68,623.849(2)

I

By ESOT
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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FORM 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security

(Instr. 3)

2. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

3A. Deemed
Execution
Date,
if any
(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

7. Title and Amount of Underlying Securities
(Instr. 3 & 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported Transaction(s)
(Instr. 4)

10. Owner-
ship Form
of Deriv-
ative
Security:
Direct (D)
or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

(A)

(D)

Date Exer-cisable

Expira-
tion
Date

Title

Amount or Number of
Shares

Options (Right to Buy)

$8.50

3/24/98

 

 

 

 

 

 (3)

3/23/08

Common Stock

12,600

 

12,600

D

 

Options (Right to Buy)

$8.50

3/24/98

 

 

 

 

 

 (4)

3/23/08

Common Stock

5,800

 

5,800

D

 

Options (Right to Buy)

$3.8125

7/7/00

 

 

 

 

 

 (4)

7/6/10

Common Stock

18,400

 

18,400

D

 

Options (Right to Buy)

$4.38

9/6/01

 

 

 

 

 

 (5)

9/6/11

Common Stock

24,000

 

24,000

D

 

Options (Right to Buy)

$2.045

4/11/03

 

A

 

27,000

 

 (5)

4/10/13

Common Stock

27,000

 

27,000

D

 

Explanation of Responses:

(1) Does not include the shares reported by the reporting person's father, Dr. Nicholas D. Trbovich, who files Section 16(a) reports under his own name.
(2) These shares include shares held by Dr. Nicholas D. Trbovich and Michael Trbovich, respectively father and brother of the reporting person, that the reporting person is required to report pursuant to Rule 16a-8(b)(2). The reporting person disclaims beneficial interest of the 41,595.975 shares allocated to his father's ESOT account and 7,141.412 shares allocated to his brother's ESOT account.
(3) This option to purchase 12,600 shares was exercisable for 3,150 shares on September 24, 1998; March 24, 1999 and 2000; and March 23, 2001.
(4) Exercisable one year after the Transaction Date.
(5) Exercisable six months after the Transaction Date.
  By: /s/ Nicholas D. Trbovich, Jr.
             Nicholas D. Trbovich, Jr.
**Signature of Reporting Person		 4/11/03
Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
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