0001213900-16-015513.txt : 20160803 0001213900-16-015513.hdr.sgml : 20160803 20160803204218 ACCESSION NUMBER: 0001213900-16-015513 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160801 FILED AS OF DATE: 20160803 DATE AS OF CHANGE: 20160803 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SOLITRON DEVICES INC CENTRAL INDEX KEY: 0000091668 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 221684144 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 BUSINESS ADDRESS: STREET 1: 3301 ELECTRONICS WAY CITY: WEST PALM BEACH STATE: FL ZIP: 33407 BUSINESS PHONE: 4078484311 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SARAF SHEVACH CENTRAL INDEX KEY: 0000904311 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-04978 FILM NUMBER: 161805462 MAIL ADDRESS: STREET 1: 301 ELECTRONICS WAY CITY: WEST PALM BEACH STATE: FL ZIP: 33407 4 1 f4080116saraf_solitron.xml OWNERSHIP DOCUMENT X0306 4 2016-08-01 1 0000091668 SOLITRON DEVICES INC SODI 0000904311 SARAF SHEVACH 3301 ELECTRONICS WAY WEST PALM BEACH FL 33407 0 0 1 1 Former Chairman Pres CEO & CFO Common Stock 2016-08-01 2016-08-03 4 D 0 331027 3.91 D 0 D Stock Options (right to buy) 1.05 2016-08-01 2016-08-03 4 D 0 35449 2.86 D Common Stock 35449 0 D Stock Options (right to buy) 0.40 2016-08-01 2016-08-03 4 D 0 254624 3.51 D Common Stock 254624 0 D These options were fully vested and immediately exercisable. These options did not have an expiration date. These options were purchased and cancelled by Solitron Devices, Inc. ("Solitron") by mutual agreement of the reporting person and Solitron. The reporting person received an aggregate of $995,114.38 as consideration for the purchase and cancellation of these options. /s/ Shevach Saraf 2016-08-03