Esquivel Mark A Form 4 PARK AEROSPACE / Mark A Esquivel ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Esquivel Mark A

(Last) (First) (Middle)

PARK AEROSPACE CORP.

1400 OLD COUNTRY ROAD

(Street)

WESTBURY NY 11590

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PARK AEROSPACE CORP [ PKE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President & COO

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Right to buy option(1)	$13.8	04/02/2021		A		25,000		04/02/2022	04/02/2031	Common Stock	25,000	$0	25,000	D
Right to buy option(2)	$9.94							10/05/2012	10/05/2021	Common Stock	2,500		2,500	D
Right to buy option(3)	$13.73							09/04/2013	09/04/2022	Common Stock	2,625		2,625	D
Right to buy option(1)	$17.63							02/26/2015	02/26/2024	Common Stock	3,500		3,500	D
Right to buy option(1)	$13.46							03/02/2016	03/02/2025	Common Stock	4,500		4,500	D
Right to buy option(1)	$6.23							01/12/2017	01/12/2026	Common Stock	15,000		15,000	D
Right to buy option(1)	$15.44							05/07/2020	05/07/2029	Common Stock	15,000		15,000	D
Right to buy option(1)	$12.58							04/09/2021	04/09/2030	Common Stock	25,000		25,000	D

Explanation of Responses:

1. Option is exercisable, commencing on the date indicated, as to 25% of the aggregate number of shares listed and as to an additional 25% of such shares on each of the succeeding three anniversaries of such date.

2. Option is exercisable, commencing on the date indicated, as to 50% of the aggregate number of shares listed and as to an additional 50% of such shares on the succeeding anniversary of such date.

3. Option is exercisable, commencing on the date indicated, as to 875 of the shares listed and as to an additional 875 of such shares on each of the succeeding two anniversaries of such date.

	/s/ Stephen E. Gilhuley, by Power of Attorney	04/06/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** 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 is insufficient, see Instruction 6 for procedure.
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