U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
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(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Mendelson Laurans A.
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(Last) (First) (Middle)
825 Brickell Bay Drive, 16th Floor
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(Street)
Miami Florida 33131
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Heico Corporation "HEI" and "HEI.A"
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
064-32-2327
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4. Statement for Month/Year
03/28/2003
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [X] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
CEO, Chairman of the Board and President
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7. 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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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock 03/28/03(1) T 131(1) D $10.28(1) 24,147(1) I 401(k) Plan
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Class A Common Stock 03/28/03(1) T 39(1) D $6.60(1) 19,277(1) I 401(k) Plan
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Common Stock 602,384 I By LAM L.P.
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Class A Common Stock 238,190 I By LAM L.P.
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Common Stock 279,058 I By LAM Alpha
L.P.
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Class A Common Stock 71,147 I By LAM Alpha
L.P.
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Common Stock 45,441 I (2)
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Class A Common Stock 14,408 I (2)
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Class A Common Stock 56,275 D
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Response) (Over)
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Employee Stock $13.33 3/16/03 J 25,000 12/17/99 12/17/09 Common 25,000 -- (4) D
Option (Right to Buy) (3) (3) Stock
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Employee Stock $15.55 3/16/03 J 110,000 6/11/01 06/11/11 Common 110,000 -- (4) D
Option (Right to Buy) (3) (3) Stock
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Employee Stock $12.78 3/16/03 J 5,000 6/17/02 06/17/12 Common 5,000 -- (4) D
Option (Right to Buy) (3) (3) Stock
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Employee Stock $12.90 3/16/03 J 95,000 6/17/02 06/17/12 Common 95,000 -- (4) D
Option (Right to Buy) (3) (3) Stock
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Class A
Employee Stock $13.33 3/16/03 J 5,250 12/17/99 12/17/09 Common 5,250 -- (4) D
Option (Right to Buy) (3) (3) Stock
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Class A
Employee Stock $15.55 3/16/03 J 11,000 6/11/01 06/11/01 Common 11,000 -- (4) D
Option (Right to Buy) (3) (3) Stock
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Explanation of Responses:
(1) These shares were forfeited from the Reporting Person's account in the
HEICO Corporation 401(k) Plan (the Plan) as a result of the Plan's annual
ADP/ACP tests of voluntary and matching contribution limits determined
pursuant to ERISA requirements and as reported to the Reporting Person on
his participant's statement received from the Plan on March 28, 2003.
(2) Securities are held by the Laurans A. and Arlene H. Mendelson Charitable
Foundation, Inc., a non-profit Charitable Corporation, the holdings of
which are attributable to the Reporting Person. The Reporting Person
disclaims beneficial ownership of all securities held by the Charitable
Foundation.
(3) The Derivative Securities represent Employee Stock Options voluntarily
cancelled by the Reporting Person.
(4) In addition to these options, the Reporting Person owns directly options
entitling the Reporting Person to purchase an aggregate of 270,970 shares
of Common Stock and 220,844 shares of Class A Common Stock. These options
become exercisable on various dates and have various expiration dates.
/s/ Laurans A. Mendelson 03/28/03
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**Signature of Reporting Person Date
** 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 provided is insufficient, see Instruction 6 for procedure.
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