FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
OMB Number 3235-0287
Expires: February 1, 1994
Estimated average burden
hours per response .... 0.5
Check this box if no
longer subject to Section 16.
Form 4 or Form 5 obligations
may continue. See Instruction
1(b)
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of
1940
1. Name and Address of Reporting Person
Reissman, Bruce
2. Issuer Name and Ticker or Trading Symbol
Orbit International Corp. ("ORBT")
6. Relationship of Reporting Person to Issuer
(Check all applicable)
x Director 10% Owner
x Officer (give Other (specify
title below)
below)
Executive Vice President,
Chief Operating Officer
and Director
(Last) (First) (Middle)
c/o 80 Cabot Court
3. IRS or Social Security Number of
Reporting Person (Voluntary)
4. Statement for
Month/Year
December, 1997
(Street)
Hauppauge, New York 11788
5. If Amendment,
Date of Original
(Month/Year)
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security
(Instr. 3)
2.
Tra
ns-action
Date
(Month/
Day/
Year)
3.
Tra
ns-
action
Code
(Instr. 8)
4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount
of
Securities
Beneficially
Owned at
End of
Month
(Instr. 3 and 4)
6.
Ow
ner-ship
Form:
Direct
(D) or
Indirect
(I)
(Instr. 4)
7.
Nat
ure
of In-
direct
Bene-
ficial
Owner-
ship
(Instr. 4)
Code
V
Amount
(A) or
(D)
Price
FORM 4 (continued)
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.
Conver-
sion or
Exercise
Price of
Deriv-
ative
Security
3.
T
rans-
action
Date
(Month/
Day/
Year)
4.
Tr
ansac-
tion Code
(Instr. 8)
5. Number of
Deriv-
ative Securities Acquired (A)
or
Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exer-
cisable and Ex-
piration Date
(Month/Day/Year)
7. Title and Amount of
Underlying Securities
(Instr. 3 and 4)
8. Price
of
Deriv-
ative
Secur-
ity
(Instr.
5)
9.
Nu
mber
of Deriv-
ative
Secur-
ities
Bene-
ficially
Owned
at End
of
Month
(Instr. 4)
10.
Owner-
ship
Form
of De-
rivative
Secu-
rity;
Direct
(D) or
Indi-
rect (I)
(Instr. 4)
11.
Na
- -
ture
of In-
direct
Bene-
ficial
Own-
ership
(Instr. 4)
Date
Exer-
cisable
Expira-
tion
Date
Title
Amount or
Number of
Shares
Code
V
(A)
(D)
Employee Stock
Option (right to buy)
$2.44
12/3/97
A
V
35,000 (1)
12/3/97
12/3/07
Common Stock
35,000
295,000
Explanation of Responses:
(1) Granted to the Reporting Person under the Company's 1995 Employee Stock
Option Plan.
/s/Bruce Reissman 1/11/98
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. **Signature of Reporting Person Date
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 provided is insufficient, see Instruction 6 for procedure.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. Page 4 of 2
(Print or Type Responses) SEC 1474 (3/91) 202079.1
