Sec Form 4 Filing - SCHARMETT GARY P @ BLONDER TONGUE LABORATORIES INC - 2017-04-04

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
SCHARMETT GARY P
2. Issuer Name and Ticker or Trading Symbol
BLONDER TONGUE LABORATORIES INC [ BDR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
STRADLEY RONON STEVENS & YOUNG LLP, 2600 ONE COMMERCE SQUARE
3. Date of Earliest Transaction (MM/DD/YY)
04/04/2017
(Street)
PHILADELPHIA, PA19103
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 04/04/2017 A( 1 ) 10,000 A $ 0 230,718 D
Common Stock, par value $0.001 04/04/2017 A( 2 ) 17,364 A $ 0.55 248,082 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 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
Stock Option (right to buy) ( 3 ) $ 0.55 ( 4 ) 04/04/2017 A 10,000 ( 5 ) 04/04/2027 Common Stock par value $0.001 10,000 $ 0 10,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SCHARMETT GARY P
STRADLEY RONON STEVENS & YOUNG LLP
2600 ONE COMMERCE SQUARE
PHILADELPHIA, PA19103
X
Signatures
/s/ Gary Scharmett by Eric Skolnik Under Power of Attorney 04/05/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Grant of stock award under 2016 Director Equity Incentive Plan.
( 2 )Pursuant to the company's Amended and Restated Director Stock Purchase Plan, the reporting person has elected to receive a fully vested stock award for shares of the company's common stock in lieu of cash payment of director fees otherwise payable to the reporting person. The number of shares of common stock awarded represents the quotient of i) the director fees payable to the reporting person divided by (ii) $0.55, representing the average of the high and low trading prices reported on the NYSE MKT on April 4, 2017.
( 3 )The stock option was granted under the 2016 Director Equity Incentive Plan.
( 4 )The exercise price equals the fair market value (equal to the average of the high and low selling prices as reported on the NYSE MKT) of the common stock on the grant date.
( 5 )The stock option vests on the first anniversary of the grant date.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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