Form 144
UNITED STATES   OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

   OMB Number        3235-0101

Expires: February 28, 2014

Estimated average burden

hours per response 2.00

   
FORM 144   SEC USE ONLY

 

NOTICE OF PROPOSED SALE OF SECURITIES

PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933

 

   DOCUMENT SEQUENCE NO.

 

ATTENTION:        Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.   CUSIP NUMBER

 

1 (a) NAME OF ISSUER (Please type or print)

Sparton Corporation

  

(b) IRS IDENT. NO.

38-1054690

  

(c) S.E.C. FILE NO.

1-1000

   WORK LOCATION

 

1 (d) ADDRESS OF ISSUER    STREET    CITY   STATE      ZIP CODE               (e) TELEPHONE NO.
425 N. Martingale Road, Suite 2050       Schaumburg   IL      60173             AREA CODE          NUMBER    
                 800    248-9579
2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD             

(b) RELATIONSHIP TO ISSUER      

   (c) ADDRESS STREET     

CITY

     

STATE

     

ZIP CODE    

    Sparton Corporation Pension Plan        Employee Pension Plan   425 N. Martingale Road, Suite 2050      Schaumburg      IL          60173

INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.

 

3 (a)                

   (b)           SEC USE ONLY       (c)   (d)   (e)                                (f)                              (g)      

Title of the

Class of

Securities

To Be Sold

  

            Name and Address of Each Broker  Through Whom the      

      Securities are to be Offered or Each Market Maker     

who is Acquiring the Securities

   

Broker-Dealer

File Number

  

Number of Shares    

or Other Units

To Be Sold

 

(See instr. 3(c))

  

Aggregate

Market

Value

 

    (See instr. 3(d))    

  

Number of Shares    

or Other Units

Outstanding

 

(See instr. 3(e))

  

Approximate

Date of Sale

 

(See instr. 3(f))

(MO. DAY YR.)  

  

Name of Each    

Securities

Exchange

 

    (See instr. 3(g))    

      
Common Stock  

PNC Institutional Investments

1 N. Franklin Street, Suite 750

Chicago, IL 60606

        26,000   $204,100(1)   10,216,484(2)  

See Remarks

Section under

Table II

   NYSE      
               
                                    
               
                                    

INSTRUCTIONS:

 

 

1.

   (a)   Name of issuer
    (b)   Issuer’s I.R.S. Identification Number
    (c)   Issuer’s S.E.C. file number, if any
   

(d)

(e)

  

Issuer’s address, including zip code

Issuer’s telephone number, including area code

 

2.

   (a)   Name of person for whose account the securities are to be sold
    (b)  

Such person’s relationship to the issuer (e.g., officer, director, 10%

stockholder, or member of immediate family of any of the foregoing)

    (c)   Such person’s address, including zip code

3.

     (a)   Title of the class of securities to be sold
    (b)   Name and address of each broker through whom the securities are intended to be sold
    (c)   Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
    (d)   Aggregate market value of the securities to be sold as of a specified date within 10 days prior to filing of this notice
    (e)  

Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer

Approximate date on which the securities are to be sold

    (f)  
    (g)   Name of each securities exchange, if any, on which the securities are intended to be sold
 

 

Potential persons who are to respond to the collection of information contained in this form are not

required to respond unless the form displays a currently valid OMB control number. SEC 1147 (02-08)

TABLE I – SECURITIES TO BE SOLD

Furnish the following information with respect to the acquisition of the securities to be sold

and with respect to the payment of all or any part of the purchase price or other consideration therefor:

 

Title of  

the Class  

   

    Date You    

    Acquired    

    Nature of Acquisition  Transaction   

    Name of Person from Whom Acquired    

    (If gift, also give date donor acquired)    

  

Amount of

    Securities Acquired    

   

Date of

Payment

    Nature of  Payment

 

Common

Stock

   

 

2/90 to  

11/90  

   

 

Open market purchases

        

 

Not applicable

       

 

249,259

   

 

Same

   

 

Cash

               
                                                             
                                                             

INSTRUCTIONS: If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

 

 

TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

 

Name and Address of Seller    Title of Securities Sold      Date of Sale         

Amount of    

Securities Sold    

      Gross Proceeds    

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

      Common Stock              12/21/10             2,000               $16,220       

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

      Common Stock              12/28/10             2,000               $16,160       

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

      Common Stock              01/04/11             2,000               $16,680       

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

      Common Stock              01/11/11             2,000               $16,420       

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

      Common Stock              01/18/11             2,000               $16,780       

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

      Common Stock              01/25/11             2,000               $17,040       

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

      Common Stock              02/01/11             2,000               $17,100       
                                                                

Name and Address of Seller    Title of Securities Sold    Date of Sale        Amount of    
Securities Sold     		    Gross Proceeds    

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

    Common Stock    02/08/11    2,000    $18,000

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

    Common Stock    02/15/11    2,000    $15,240

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

    Common Stock    02/22/11    2,000    $15,720

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

    Common Stock    03/01/11    2,000    $15,960

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

    Common Stock    03/08/11    2,000    $15,800

Sparton Corporation Pension Plan

425 N. Martingale Road, Suite 2050

Schaumburg, IL 60173

 

    Common Stock    03/15/11    2,000    $15,700

EXPLANATION OF RESPONSES:

1. Based on the closing price of Sparton Corporation’s common stock on March 16, 2011 ($7.85).

2. As reported on Sparton Corporation’s Form 10-Q filed on February 9, 2011.

REMARKS:

The sales of stock contemplated by the filing are to be made pursuant to a Rule 10b5-1 trading plan between PNC Institutional Investments and the Sparton Corporation Pension Plan adopted as of September 16, 2010 (the “Plan”). Under the Plan, the Seller intends to sell the shares on a periodic basis during the 90-day period following the filing of this Form 144.

 

INSTRUCTIONS:

See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

  

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any materiel adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If each person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

 

March 21, 2011

DATE OF NOTICE

      

/s/ Greg Slome

(SIGNATURE)

Greg Slome, Chief Financial Officer, Sparton Corporation – Plan Administrator

   
 

September 16, 2010

    DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION,    

IF RELYING ON RULE 10B5-1

       The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures.   

 

 

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)