FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year)
03/01/2007 |
3. Issuer Name and Ticker or Trading Symbol
DHB INDUSTRIES INC [ DHBT.PK ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year)
07/09/2007 |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) |
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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: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Deferred Stock Award ( 1 ) | 03/01/2007 ( 2 ) | ( 2 ) | Common | 26,581 ( 2 ) | 0 | D |
Explanation of Responses: |
1. Deferred Stock Awards ("DSAs") are awarded pursuant to the DHB Industries, Inc. Board of Directors Compensation Policy (the "Policy"), effective as of January 1, 2007 and applicable to all non-employee directors. |
2. Includes 4,741 DSAs awarded as a portion of the annual retainer for 2007 under the Policy, prorated based on a commencement of service on March 1, 2007, and 21,552 DSAs awarded as long-term equity incentive under the Policy. DSAs awarded vest daily on a continous basis, ratably over the period beginning on each director's first day of service and ending on (i) December 31 of each calendar year, with respect to DSAs awarded in connection with the annual retainer provided under the Policy in such year, and (ii) the third anniversary of a director's first day of service, with respect to DSAs awarded in connection with the long-term equity incentive under the Policy, provided that all such vesting shall terminate automatically on the date on which such director terminates his/her service in such capacity with the company. |
/s/ THOMAS C. CANFIELD | 07/05/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |