Daniel Bernstein - Nov 15, 2021 Form 4 Insider Report for BEL FUSE INC /NJ (BELFB)

Signature
/s/ Lloyd Jeglikowski, Attorney-in-Fact
Stock symbol
BELFB
Transactions as of
Nov 15, 2021
Transactions value $
-$42,090
Form type
4
Date filed
11/17/2021, 04:26 PM
Next filing
Sep 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BELFB Class B Common Stock Award $0 +12K +91.78% $0.00 25.1K Nov 15, 2021 Direct F2
transaction BELFB Class B Common Stock Sale -$42.1K -3K -11.96% $14.03 22.1K Nov 16, 2021 Direct
holding BELFB Class B Common Stock 10.9K Nov 15, 2021 By 401(k) plan F1
holding BELFB Class B Common Stock 4.27K Nov 15, 2021 By wife
holding BELFB Class A Common Stock 376K Nov 15, 2021 Direct
holding BELFB Class A Common Stock 5.38K Nov 15, 2021 By 401(k) plan F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of shares held in the 401(k) Plan is estimated.
F2 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.

Remarks:

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