-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mfsdc5BEyvblgfh+bWH5gD0pmc1MZZdfxEndgSe/RzM1j27SwDZQHP4TrS4GiSsd kWDXPNhAaLLwQ74JVrEntA== 0001052816-09-000001.txt : 20090218 0001052816-09-000001.hdr.sgml : 20090218 20090218124020 ACCESSION NUMBER: 0001052816-09-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090213 FILED AS OF DATE: 20090218 DATE AS OF CHANGE: 20090218 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BINDER MITCHELL CENTRAL INDEX KEY: 0001052816 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-03936 FILM NUMBER: 09617941 MAIL ADDRESS: STREET 1: 80 CABOT COURT CITY: HAUPPAUGE STATE: NY ZIP: 11788 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ORBIT INTERNATIONAL CORP CENTRAL INDEX KEY: 0000074818 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 111826363 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 80 CABOT COURT CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 7136675601 MAIL ADDRESS: STREET 1: 80 CABOT COURT CITY: HAUPPAUGE STATE: NY ZIP: 11788 FORMER COMPANY: FORMER CONFORMED NAME: ORBIT INSTRUMENT CORP DATE OF NAME CHANGE: 19911015 4 1 primary_doc.xml PRIMARY DOCUMENT X0303 4 2009-02-13 0 0000074818 ORBIT INTERNATIONAL CORP ORBT 0001052816 BINDER MITCHELL 80 CABOT COURT HAUPPAUGE NY 11788 1 1 0 0 Executive VP and CFO Option to purchase common stock, $.10 par value 1.92 2009-02-13 4 D 0 112500 0 D 2001-03-27 2010-03-27 Common Stock 112500 27751 D Option to purchase common stock, $.10 par value 2 2009-02-13 4 A 0 85000 0 A 2015-02-12 Common Stock 85000 85000 D On February 13, 2009, the Reporting Person's option to purchase common stock in the amount of 112,500 shares at an exercise price of $1.92 was cancelled by the Registrant's Compensation Committee of its Board of Directors. The aforementioned option to purchase common stock was set to expire on March 27, 2010. On that same date, the Registrant's Compensation Committee of its Board of Directors granted to the Reporting Person an option to purchase common stock in the amount of 85,000 shares at an exercise price of $2.00 per share expiring February 12, 2015. The vesting schedule of the option is as follows: 1/6 vested on February 13, 2009 and 1/6 vests on February 13 of each year thereafter through 2014. /s/ Mitchell Binder 2009-02-18 -----END PRIVACY-ENHANCED MESSAGE-----