SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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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).
1. Name and Address of Reporting Person*
BACHARACH DOV S

(Last) (First) (Middle)
C/O AMERICAN TECHNICAL CERAMICS
1 NORDEN LANE

(Street)
HUNTINGTON STATION NY 11746

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AMERICAN TECHNICAL CERAMICS CORP [ amk ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/25/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. 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 (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership 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 09/25/2007 D(1) 3,000 D $24.75 0 D
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. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options $5 09/25/2007 D 5,000 (2) 06/27/2012 Common Stock 5,000 $19.75 0 D
Options $5.35 09/25/2007 D 5,000 (3) 06/29/2013 Common Stock 5,000 $19.4 0 D
Options $8.79 09/25/2007 D 5,000 (4) 06/29/2014 Common Stock 5,000 $15.96 0 D
Options $10.1 09/25/2007 D 5,000 (5) 06/29/2015 Common Stock 5,000 $14.65 0 D
Options $13.2 09/25/2007 D 5,000 (6) 06/29/2016 Common Stock 5,000 $11.55 0 D
Explanation of Responses:
1. The dispositions reported in this Form 4 were in connection with the merger of the issuer with Admiral Byrd Acquisition Sub, Inc., a wholly-owned subsidiary of AVX Corporation, pursuant to that certain Agreement and Plan of Merger, dated as of June 15, 2007, by and among the issuer, AVX Corporation and Admiral Byrd Acquisition Sub, Inc. (the "Merger"), in exchange for the right to receive a cash payment equal to $24.75 per share.
2. These options, which became fully vested on June 28, 2006 were converted in connection with the Merger in exchange for the right to receive a cash payment of $98,750, representing the right to receive $24.75 in cash less the applicable exercise price with respect to each share of common stock underlying such option.
3. These options, which became fully vested on June 30, 2007 were converted in connection with the Merger in exchange for the right to receive a cash payment of $97,000, representing the right to receive $24.75 in cash less the applicable exercise price with respect to each share of common stock underlying such option.
4. These options, which provided for vesting in four equal annual installments commencing on July 1, 2004, were accelerated and became fully vested, and were converted in connection with the Merger in exchange for the right to receive a cash payment of $79,800, representing the right to receive $24.75 in cash less the applicable exercise price with respect to each share of common stock underlying such option.
5. These options, which provided for vesting in four equal annual installments commencing on June 30, 2005, were accelerated and became fully vested, and were converted in connection with the Merger in exchange for the right to receive a cash payment of $73,250, representing the right to receive $24.75 in cash less the applicable exercise price with respect to each share of common stock underlying such option.
6. These options, which provided for vesting in four equal annual installments commencing on June 30, 2006, were accelerated and became fully vested, and were converted in connection with the Merger in exchange for the right to receive a cash payment of $57,750, representing the right to receive $24.75 in cash less the applicable exercise price with respect to each share of common stock underlying such option.
/S/ DOV BACHARACH 09/25/2007
** Signature of Reporting Person Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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