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Home > Insider Trading > Filing (0001354488-11-001651)

Filing Details

Accession Number:: 0001354488-11-001651
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-05-20 08:23:55
Reporting Period:: 2011-05-18

Filing Date:: 2011-05-20
Accepted Time:: 2011-05-20 08:23:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
49930	Imperial Industries Inc	IPII	Abrasive, Asbestos & Misc Nonmetallic Mineral Prods (3290)	650854631

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1257729	J Milton Wallace	1111 Brickell Avenue Suite 1250 Miami FL 33131		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-05-18	2,500	$0.65	35,850	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common	Restricted Stock Unit	$3.66			1,250	1,250	Direct
Common	Stock Option	$0.79	2009-04-20	2013-10-19	5,000	5,000	Direct
Common	Stock Option	$0.41	2010-12-21	2015-06-20	10,000	10,000	Direct
Common	Stock Option	$0.35	2011-07-24	2016-01-23	3,000	3,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,250	1,250	Direct
2013-10-19	5,000	5,000	Direct
2015-06-20	10,000	10,000	Direct
2016-01-23	3,000	3,000	Direct

Footnotes

12,500 Shares are owned jointly by Mr. Wallace and his wife Patricia Wallace.
Restricted Stock Units were: (a) granted pursuant to the Company?s 2006 Stock Award and Incentive Plan; and (b) vest 25% on each anniversary date of the grant.
Shares would be issued at time of vesting and would be fully vested and issued as of 11/27/2011.