UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Option to purchase common stock | Â (1) | 04/21/2008 | Common Stock | 7,000 | $ 9.4375 | D | Â |
Option to purchase common stock | Â (2) | 02/24/2014 | Common Stock | 10,000 | $ 3.09 | D | Â |
Option to purchase common stock | Â (3) | 07/27/2015 | Common Stock | 15,000 | $ 2.45 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Binnix Steven 1260 RED FOX ROAD ARDEN HILLS, MN 55112 |
 |  |  Vice President-RTI Electronics |  |
/s/ Steve Binnix | 05/04/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | This option is fully vested and may be immediately exercised. |
(2) | This option vests in five equal installments on February 24, 2005, 2006, 2007, 2008 and 2009. |
(3) | This option vests in three equal installments on July 27, 2006, 2007 and 2008. |
 Remarks: The filing of this Statement shall not be construed as an admission (a) that the person filing this Statement is, for the  purposes of Section 16 of the Securities Exchange Act of 1934 (as amended), the beneficial owner of any equity securities  covered by this Statement, or (b) that this Statement is legally required to be filed by such person. |