Robert M Budin

Insider

First SEC filing: Jan. 5, 2009 · Latest: Jan. 5, 2009

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Insider at

0 buys (P) 0 sells (S) Net: $0 + 11 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

11 other filings hidden

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
Jan. 1, 2009	REFR	A	25,000	—	—	52,177 Direct	+91.99%	Acquired	(price as of 2026-08-19)
June 16, 2008	REFR	S	5,700	$6.23	$35,511	27,177 Direct	-17.34%	Disposed	-93.4% (price as of 2026-08-19)
Dec. 3, 2007	REFR	A	25,000	—	—	249,200 Direct	+11.15%	Acquired	(price as of 2026-08-19)
July 12, 2007	REFR	A	25,000	—	—	224,200 Direct	+12.55%	Acquired	(price as of 2026-08-19)
June 11, 2007	REFR	F	9,911	$6.00	$59,466	42,788 Direct	+30.15%	Acquired	-93.1% (price as of 2026-08-19)
June 11, 2007	REFR	M	13,000	—	—	0 Direct	-100.00%	Disposed	(price as of 2026-08-19)
June 11, 2007	REFR	M	7,500	—	—	199,200 Direct	-3.63%	Disposed	(price as of 2026-08-19)
Feb. 13, 2007	REFR	A	2,200	—	—	206,700 Direct	+1.08%	Acquired	(price as of 2026-08-19)
Dec. 6, 2005	REFR	A	30,000	—	—	240,000 Direct	+14.29%	Acquired	(price as of 2026-08-19)
Sept. 21, 2005	REFR	P	500	$2.92	$1,460	32,877 Direct	+1.54%	Acquired	-85.8% (price as of 2026-08-19)
July 1, 2005	REFR	A	30,000	—	—	179,200 Direct	+20.11%	Acquired	(price as of 2026-08-19)
Dec. 23, 2004	REFR	A	15,000	—	—	155,400 Direct	+10.68%	Acquired	(price as of 2026-08-19)
Jan. 27, 2004	REFR	A	10,000	—	—	145,900 Direct	+7.36%	Acquired	(price as of 2026-08-19)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Options, RSUs and convertible securities reported on Form 4 Table II.

Date	Ticker	Security	Underlying	Exercise price	Expiration	Shares	A/D
Dec. 3, 2007	REFR	Stock Option (right to buy)	Common Stock (25,000)	$9.80	Dec. 2, 2017	25,000	Acquired
July 12, 2007	REFR	Stock Option (right to buy)	Common Stock (25,000)	$14.93	July 11, 2010	25,000	Acquired
June 11, 2007	REFR	Stock Warrants (right to buy)	Common Stock (13,000)	$6.00	June 11, 2007	13,000	Disposed
June 11, 2007	REFR	Stock Option (right to buy)	Common Stock (7,500)	$6.00	June 11, 2007	7,500	Disposed
Feb. 13, 2007	REFR	Stock Option (right to buy)	Common Stock (2,200)	$11.38	Feb. 12, 2007	2,200	Acquired
Dec. 6, 2005	REFR	Stock Option (right to buy)	Common Stock (30,000)	$5.60	Dec. 5, 2015	30,000	Acquired
July 1, 2005	REFR	Stock Option (right to buy)	Common Stock (30,000)	$6.00	June 30, 2015	30,000	Acquired
Dec. 23, 2004	REFR	Stock Option (right to buy)	Common Stock (15,000)	$6.18	Dec. 13, 2014	15,000	Acquired
Jan. 27, 2004	REFR	Stock Option (right to buy)	Common Stock (10,000)	$11.96	Jan. 26, 2014	10,000	Acquired

Exercise/conversion price is blank when not applicable (e.g. RSUs).