4/A: Alpha Pro Tech CEO Lloyd Hoffman Corrects Beneficial Ownership in Amended SEC Filing
SEC Filing
Lloyd Hoffman, CEO and President of Alpha Pro Tech Ltd, files an amended SEC Form 4 to correct the amount of shares beneficially owned following a transaction on March 18, 2024.
Summary
- Lloyd Hoffman, CEO and President of Alpha Pro Tech Ltd, filed an amended SEC Form 4/A on March 18, 2024.
- The amendment corrects a misstatement in the original Form 4 filed on March 20, 2024, regarding the amount of shares beneficially owned after a transaction.
- On March 18, 2024, Hoffman exercised options to acquire 100,000 shares of common stock at a price of $3.62 per share.
- Following the transaction, Hoffman directly owns 233,220 shares of Alpha Pro Tech Ltd.
- Hoffman also disposed of options for 33,334, 33,333 and 33,333 shares of common stock at a price of $3.62 per share.
Sentiment
Score: 6
Explanation: The document is a routine correction of a previous filing, indicating a neutral sentiment. It doesn't suggest any significant positive or negative implications for the company.
Industry Context
This filing is a routine disclosure related to insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company executives.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/20/2020 | Date exercisable for options on 33,334 common stock |
| 03/20/2021 | Date exercisable for options on 33,333 common stock |
| 09/19/2022 | Date exercisable for options on 33,333 common stock |
| 03/18/2024 | Date of transaction where Hoffman acquired 100,000 shares and disposed of options. |
| 03/18/2024 | Date of signature on the amended form. |
| 03/19/2024 | Expiration date for options on 33,334 and 33,333 common stock |
| 03/19/2024 | Expiration date for options on 33,333 common stock |
| 03/20/2024 | Date of original Form 4 filing with misstated information. |
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