4/A: Alpha Pro Tech Director James Buchan Corrects Beneficial Ownership Reporting After Option Exercises and Stock Sales
SEC Filing (Form 4/A)
James Buchan, a director at Alpha Pro Tech, filed an amended Form 4 to correct the amount of shares beneficially owned following transactions involving option exercises and stock sales on March 15, 2024.
Summary
- On March 15, 2024, James Buchan, a director of Alpha Pro Tech Ltd, executed option exercises and stock sales.
- The original Form 4 filed on March 19, 2024, contained an error regarding the amount of shares beneficially owned following these transactions.
- This amended Form 4/A corrects the previously misstated amount of shares beneficially owned.
- Buchan exercised options to acquire 15,000 shares at a price of $3.42 per share.
- He then sold 14,000 shares of common stock at $5.82 per share and 1,000 shares at $5.78 per share.
- Following these transactions, Buchan directly owns 9,413 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a correction of a previous filing, indicating a neutral sentiment. It simply rectifies a mistake in reporting.
Industry Context
This filing is a routine disclosure related to insider trading activities, which are common in publicly traded companies. Investors monitor these filings to understand the sentiment of company insiders regarding the company's stock.
Stakeholder Impact
- The correction of the filing ensures transparency for shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of option exercises and stock sales. |
| 03/19/2024 | Date of original Form 4 filing with incorrect information. |
| 03/19/2024 | Date of amended Form 4/A filing to correct the error. |
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