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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 2270 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
Stock Option (right to buy) | $ 0.46 | 03/14/2003 | Â | I | 500,000 | Â | 03/14/2003 | 03/14/2008 | Common Stock | $ 0 | 500,000 | Â | ||
Stock Option (right to buy) | $ 0.46 | 03/14/2003 | Â | I | 500,000 | Â | 12/31/2003 | 03/14/2008 | Common Stock | $ 0 | 500,000 | Â | ||
Stock Option (right to buy) | $ 0.46 | 03/14/2003 | Â | I | 500,000 | Â | 12/31/2004 | 03/14/2008 | Common Stock | $ 0 | 500,000 | Â | ||
Stock Option (right to buy) | $ 0.81 | 06/26/2003 | Â | J4 (4) | Â | 500,000 | 12/31/2005 | 06/26/2008 | Common Stock | $ 0 | 500,000 | Â | ||
Stock Option (right to buy) | $ 0.42 | 01/25/2003 | Â | J4 (4) | Â | 35,000 | 01/25/2003 | 01/25/2013 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 1.375 | 12/29/2005 | Â | J4 (5) | Â | 14,250 | 07/26/2001 | 10/31/2009 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 1.375 | 12/29/2005 | Â | J4 (5) | Â | 14,250 | 07/26/2002 | 10/31/2009 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 1.43 | 12/29/2005 | Â | J4 (5) | Â | 91,667 | 12/31/2001 | 10/23/2011 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 1.43 | 12/29/2005 | Â | J4 (5) | Â | 91,667 | 12/31/2002 | 10/23/2011 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 1.43 | 12/29/2005 | Â | J4 (5) | Â | 91,666 | 12/31/2003 | 10/23/2011 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 1.43 | 12/29/2005 | Â | J4 (5) | Â | 100,000 | 12/31/2001 | 08/24/2011 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 1.43 | 12/29/2005 | Â | J4 (5) | Â | 66,000 | 12/31/2002 | 08/24/2011 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 1.3 | 12/29/2005 | Â | J4 (5) | Â | 72,500 | 12/31/2001 | 12/31/2011 | Common Stock | (3) | 0 | Â | ||
Stock Option (right to buy) | $ 1.42 | 12/29/2005 | Â | J4 (5) | Â | 65,625 | 04/01/2002 | 04/01/2012 | Common Stock | (3) | 0 | Â | ||
Stock Option (right to buy) | $ 0.73 | 12/29/2005 | Â | J4 (5) | Â | 15,625 | 07/01/2002 | 07/01/2012 | Common Stock | (3) | 0 | Â | ||
Stock Option (right to buy) | $ 0.85 | 12/29/2005 | Â | J4 (5) | Â | 65,625 | 10/01/2002 | 10/01/2012 | Common Stock | (3) | 0 | Â | ||
Stock Option (right to buy) | $ 0.61 | 12/29/2005 | Â | J4 (5) | Â | 88,125 | 01/01/2003 | 01/01/2013 | Common Stock | (3) | 0 | Â | ||
Stock Option (right to buy) | $ 1.2 | 12/29/2005 | Â | J4 (5) | Â | 16,667 | 08/09/2005 | 08/09/2009 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 1.2 | 12/29/2005 | Â | J4 (5) | Â | 16,667 | 08/09/2006 | 08/09/2009 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 1.2 | 12/29/2005 | Â | J4 (5) | Â | 16,666 | 08/09/2007 | 08/09/2009 | Common Stock | $ 0 | 0 | Â | ||
Stock Option (right to buy) | $ 0.39 | 12/29/2005 | Â | A4 (5) | 600,000 | Â | 12/29/2005 | Â (6) | Common Stock | $ 0 | 600,000 | Â | ||
Stock Option (right to buy) | $ 0.46 | 12/29/2005 | Â | A4 | 1,500,000 | Â | 12/29/2005 | 12/29/2010 | Common Stock | $ 0 | 1,500,000 | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
EHRLICH ROBERT S C/O AROTECH CORPORATION 334 INDUSTRY DRIVE AUBURN, AL 36832 |
 X |  |  Chairman and CEO |  |
/s/ Robert S. Ehrlich | 02/14/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Held by Mr. Ehrlich's wife. Mr. Ehrlich disclaims beneficial ownership of all of such securities. |
(2) | Held by Mr. Ehrlich as custodian for a minor child of Mr. Ehrlich sharing the same household. Mr. Ehrlich disclaims beneficial ownership of all of such securities. |
(3) | Between May 2001 and December 2002, Mr. Ehrlich agreed to forego, each month, part of his base salary in exchange for, each month, options to purchase stock of the issuer, at a rate of 2.5 options for each dollar of salary, on the terms specified above. |
(4) | These options were abandoned by Mr. Ehrlich. |
(5) | These options were repriced by replacing the options indicated has having been disposed of with an equal number of options indicated as having been acquired, except that Mr. Ehrlich aban-doned a total of 227,000 of the options that were to expire on 10/23/11. |
(6) | Expiration dates are per the options as they stood prior to repricing. |