Joseph A. Molino Jr - Jun 21, 2022 Form 4 Insider Report for P&F INDUSTRIES INC (PFIN)

Role: Vice President
Signature: /s/ Joseph A. Molino, Jr.
Stock symbol: PFIN
Transactions as of: Jun 21, 2022
Transactions value $: $2,425
Form type: 4
Date filed: 6/23/2022, 03:00 PM
Next filing: Dec 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFIN	Class A Common Stock	Options Exercise	$198K	+41.8K	+44.1%	$4.74	137K	Jun 21, 2022	Direct
transaction	PFIN	Class A Common Stock	Tax liability	-$196K	-34.6K	-25.36%	$5.65	102K	Jun 21, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PFIN	Stock Option (right to buy)	Options Exercise	$0	-41.8K	-100%	$0.00^*	0	Jun 21, 2022	Class A Common Stock	41.8K	$4.74	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of shares withheld by the Issuer to satisfy a portion of the exercise price and tax withholding and remittance obligations in connection with the net settlement of options and does not represent a sale by the reporting person.
F2	Option was originally granted on June 22, 2012 as follows: 40,000 shares with an exercise price of $4.95 per share. Such option became fully vested and exercisable on June 22, 2015. As a result of a special cash dividend paid to stockholders of the Issuer in April 2016, in accordance with the terms of the Issuer's stock option plans and applicable Internal Revenue Code rules, the number of options held by all of Issuer's option holders and the exercise price of such options were equitably adjusted.

Content

Represents the number of shares withheld by the Issuer to satisfy a portion of the exercise price and tax withholding and remittance obligations in connection with the net settlement of options and does not represent a sale by the reporting person.

Option was originally granted on June 22, 2012 as follows: 40,000 shares with an exercise price of $4.95 per share. Such option became fully vested and exercisable on June 22, 2015. As a result of a special cash dividend paid to stockholders of the Issuer in April 2016, in accordance with the terms of the Issuer's stock option plans and applicable Internal Revenue Code rules, the number of options held by all of Issuer's option holders and the exercise price of such options were equitably adjusted.