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Filing Details

Accession Number:: 0001181431-13-002694
Form Type:: 5
Zero Holdings:: No
Publication Time:: 2013-01-09 17:26:56
Reporting Period:: 2011-11-30

Filing Date:: 2013-01-09
Accepted Time:: 2013-01-09 17:26:56
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1081078	Api Technologies Corp.	ATNY	Semiconductors & Related Devices (3674)	980200798

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
897715	Phillip Dezwirek	2300 Yonge Street, Suite 1710 Toronto A6 M4P 1E4		No	No	No	Yes

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-01-12	600	$5.79	743,755	No	4	P	Indirect	By Icarus Investment Corp.
Common Stock	Acquisiton	2011-01-14	2,300	$6.05	746,055	No	4	P	Indirect	By Icarus Investment Corp.
Common Stock	Acquisiton	2011-01-18	1,500	$6.07	747,555	No	4	P	Indirect	By Icarus Investment Corp.
Common Stock	Disposition	2011-06-24	2,000	$7.45	1,146,555	No	4	S	Indirect	By Icarus Investment Corp.
Common Stock	Disposition	2009-05-29	19,208	$2.82	33,291	No	4	S	Direct
Common Stock	Acquisiton	2010-11-19	1,250	$3.88	34,541	No	4	P	Direct
Common Stock	Acquisiton	2010-11-24	625	$4.04	35,166	No	4	P	Direct
Common Stock	Disposition	2011-03-01	2,000	$6.26	33,166	No	4	S	Direct
Common Stock	Disposition	2011-03-28	10,000	$7.80	189,833	No	4	S	Direct
Common Stock	Disposition	2011-03-31	2,500	$8.18	187,333	No	4	S	Direct
Common Stock	Disposition	2011-05-19	7,000	$6.97	180,333	No	4	S	Direct
Common Stock	Disposition	2011-05-20	2,000	$7.00	178,333	No	4	S	Direct
Common Stock	Disposition	2011-06-02	5,000	$7.50	173,333	No	4	S	Direct
Common Stock	Disposition	2011-06-20	6,666	$7.00	166,667	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Icarus Investment Corp.
No	4	P	Indirect	By Icarus Investment Corp.
No	4	P	Indirect	By Icarus Investment Corp.
No	4	S	Indirect	By Icarus Investment Corp.
No	4	S	Direct
No	4	P	Direct
No	4	P	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	16,667	Indirect	By spouse
Common Stock	13,333	Indirect	Retirement account of which spouse is beneficiary

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Exchangeable shares of API Nanotronics Sub., Inc.	$0.00	2006-11-06		287,500	287,500	Direct
Common Stock	Warrant (right to buy)	$5.08	2009-12-18	2012-06-23	11,987	11,987	Indirect
Common Stock	Warrant (right to buy)	$5.60	2010-01-21	2015-01-20	111,608	111,608	Indirect
Common Stock	Warrant (right to buy)	$5.53	2006-11-06	2013-01-20	208,334	208,334	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	287,500	287,500	Direct
2012-06-23	11,987	11,987	Indirect
2015-01-20	111,608	111,608	Indirect
2013-01-20	208,334	208,334	Direct

Footnotes

The prices and shares listed in columns 4 and 5 of Table I and columns 2, 7 and 9 of Table II of this Form 5 reflect a 1 for 15 reverse stock split effective September 19, 2008 and a 1 for 4 reverse stock split effective December 28, 2010.
The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.78 to $5.85, inclusive. The reporting person undertakes to provide to API Technologies Corp., any security holder of API Technologies Corp., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold or purchased, as applicable, at each separate price within the ranges set forth in footnotes 2 through 4 and footnotes 9 through 12 to this Form 5.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.00 to $6.15, inclusive.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.99 to $6.10, inclusive.
In connection with this transaction, Icarus Investment Corp. has agreed to voluntarily remit appropriate profits to API Technologies Corp., pursuant to Section 16(b) of the Securities Exchange Act of 1934.
Reflects the effect of non-reportable transactions that occurred after January 21, 2011.
Filer is President of Icarus Investment Corp. and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, if any, therein.
In connection with this transaction, filer has agreed to voluntarily remit appropriate profits to API Technologies Corp., pursuant to Section 16(b) of the Securities Exchange Act of 1934.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.72 to $2.96, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.25 to $6.26, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.15 to $8.20, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.96 to $7.00, inclusive.
Exchangeable shares are convertible into common stock of the Issuer on a 1-for-1 basis.
The Issuer may require the exchange of the exchangeable shares into common stock of the Issuer commencing November 6, 2016 or sooner under specified circumstances. The exchangeable shares are exchangeable for common stock of the Issuer at any time at the option of the holder.