Statement of Changes in Beneficial Ownership (4)
September 14 2021 - 12:04PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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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1. Name and Address of Reporting Person
*
Tuweiq Farouq Salem Ali |
2. Issuer Name and Ticker or Trading Symbol
BEL FUSE INC /NJ
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BELFB
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
C/O BEL FUSE INC., 206 VAN VORST STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/13/2021 |
(Street)
JERSEY CITY, NJ 07302
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 9/13/2021 | | P | | 750 | A | $14.8893 (2) | 1500 | D | |
Class B Common Stock | 9/13/2021 | | P | | 500 | A | $13.21 (3) | 10500 (1) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
Explanation of Responses: |
(1) | Includes 10,000 restricted shares of Class B Common Stock granted to Mr. Tuweiq on May 15, 2021. The restricted shares vest as follows: 2,500 shares vest as of May 15, 2023; 2,500 shares vest as of May 15, 2024; 2,500 shares vest as of May 15, 2025; and 2,500 shares vest as of May 15, 2026. |
(2) | The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.81 to $14.9289 per share, inclusive. The reporting person undertakes to provide to Bel Fuse Inc., any security holder of Bel Fuse Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
(3) | The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.20 to $13.24 per share, inclusive. The reporting person undertakes to provide to Bel Fuse Inc., any security holder of Bel Fuse Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Tuweiq Farouq Salem Ali C/O BEL FUSE INC. 206 VAN VORST STREET JERSEY CITY, NJ 07302 |
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| Chief Financial Officer |
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Signatures
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/s/ Lloyd Jeglikowski, Attorney-in-Fact | | 9/14/2021 |
**Signature of Reporting Person | Date |
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