0001567619-21-020668.txt : 20211117 0001567619-21-020668.hdr.sgml : 20211117 20211117172610 ACCESSION NUMBER: 0001567619-21-020668 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211115 FILED AS OF DATE: 20211117 DATE AS OF CHANGE: 20211117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BERNSTEIN DANIEL CENTRAL INDEX KEY: 0001007789 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-11676 FILM NUMBER: 211421605 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BEL FUSE INC /NJ CENTRAL INDEX KEY: 0000729580 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COILS, TRANSFORMERS & OTHER INDUCTORS [3677] IRS NUMBER: 221463699 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 206 VAN VORST ST. CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 2014320463 MAIL ADDRESS: STREET 1: 206 VAN VORST ST. CITY: JERSEY CITY STATE: NJ ZIP: 07302 4 1 doc1.xml FORM 4 X0306 4 2021-11-15 0 0000729580 BEL FUSE INC /NJ BELFB 0001007789 BERNSTEIN DANIEL C/O BEL FUSE INC 206 VAN VORST STREET JERSEY CITY NJ 07302 1 1 0 0 President and CEO Class B Common Stock 2021-11-15 4 A 0 12000 0.00 A 25075 D Class B Common Stock 2021-11-16 4 S 0 3000 14.03 D 22075 D Class B Common Stock 10909 I By 401(k) plan Class B Common Stock 4265 I By wife Class A Common Stock 376095 D Class A Common Stock 5380 I By 401(k) plan The number of shares held in the 401(k) Plan is estimated. Mr. Bernstein was granted 12,000 restricted shares of Class B Common Stock on November 15, 2021. The restricted shares vest as follows: 3,000 shares vest as of November 15, 2023; 3,000 shares vest as of November 15, 2024; 3,000 shares vest as of November 15, 2025; and 3,000 shares vest as of November 15, 2026. This Form 4 reflects an adjustment to the reporting person's holdings to exclude certain shares previously included in prior reports but not attributable to the reporting person for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, consisting of (i) 55,074 shares of Class A Common Stock owned by a trust in which Mr. Bernstein is a beneficiary but does not serve as trustee and has no voting or investment power with respect to the shares, and (ii) 59,052 shares of Class B Common Stock owned by a family limited liability company of which Mr. Bernstein is a minority member but does not serve as managing member and has no voting or investment power with respect to the shares. Exhibit List: Exhibit 24 - Power of Attorney /s/ Lloyd Jeglikowski, Attorney-in-Fact 2021-11-17 EX-24 2 bernstein_poa.htm POWER OF ATTORNEY - DANIEL BERNSTEIN belfb20211116_sec16.htm

Exhibit 24

 

POWER OF ATTORNEY

 

Know all by these presents, that the undersigned hereby constitutes and appoints each of Alan Wovsaniker, Lloyd Jeglikowski and Lynn Hutkin his true and lawful attorney-in-fact to:

 

 

1.

execute for and on behalf of the undersigned Schedules 13D and 13G, and Forms 3, 4 and 5 in accordance with Sections 13 and 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 

 

2.

do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the execution of any such Schedules 13D or 13G, and Forms 3, 4 or 5, and the timely filing of such Forms with the United States Securities and Exchange Commission and any other authority; and

 

 

3.

take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, including without limitation the execution and filing of a Form 4 with respect to a transaction which may be reported on a Form 5, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his discretion.

 

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully and to all intents and purposes as he might or could do in person, with full power of substitution and resubstitution, hereby ratifying and confirming all that such attorney-in-fact, or his substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Sections 13 and 16 of the Securities Exchange Act of 1934.

 

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file any Schedules 13D and 13G and Forms 3, 4 and 5 in accordance with Sections 13 and 16(a) of the Securities Exchange Act of 1934 and the rules thereunder with respect to the undersigned's holdings of and transactions in securities issued by Bel Fuse Inc. unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

 

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 2nd day of November 2021.

 

 

 

/s/ Daniel Bernstein

Daniel Bernstein