{"url_path":"/sec/cik-0000096885/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters (continued)**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-30","source_url":"https://www.sec.gov/Archives/edgar/data/96885/0001185185-26-002742-index.html","accession_number":"0001185185-26-002742","cik":"0000096885","ticker":null,"issuer_name":"TEL INSTRUMENT ELECTRONICS CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/96885/0001185185-26-002742-index.html","primary_entity_key":"0000096885","primary_entity_name":"TEL INSTRUMENT ELECTRONICS CORP"},"word_count":420,"has_tables":true,"body_markdown":"**Item\n12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters (continued)**\n\n \n\n**Equity\nCompensation Plan Information**\n\n \n\nIn\nDecember 2016, the Board adopted the 2016 Stock Option Plan (the “2016 Plan”) which reserved for issuance options to purchase\nup to 250,000 shares of its Common Stock. The stockholders approved the 2016 Plan at the January 2017 annual meeting. Shareholders had\npreviously adopted the 2006 Stock Option Plan, under which substantially all of the options have been granted. Therefore, the Board approved\nthe 2016 Plan, and the terms are substantially the same as under the 2006 Employees Stock Option.\n\n \n\nThe\n2016 Plan reserves for issuance options to purchase up to 250,000 shares of its common stock. All employees, directors and consultants\nare eligible to receive stock option grants under this plan. The 2016 Plan, which has a term of ten years from the date of adoption,\nis administered by the Board or by a committee appointed by the Board. The selection of participants, allotment of shares, and other\nconditions related to the grant of options, to the extent not set forth in the Plan, are determined by the Board. Options granted under\nthe Plan are exercisable up to a period of five years from the date of grant at an exercise price which is not less than the fair market\nvalue of the common stock at the date of grant, except to a shareholder owning 10% or more of the outstanding common stock of the Company,\nas to which the exercise price must be not less than 110% of the fair market value of the common stock at the date of grant. Options,\nfor the most part, are exercisable on a cumulative basis, 20% at or after each of the first, second, and third anniversary of the grant\nand 40% after the fourth year anniversary. These terms can be modified based upon approval of the Board.\n\n \n\nThe\nfollowing table provides information as of March 31, 2025, regarding compensation plans under which equity securities of the Company\nare authorized for issuance. See “Equity Compensation Plan Information” under Item 12 below.\n\n \n\nPlan\ncategory\n \n**Number\nof\nsecurities\nto be issued\nupon\nexercise of\noutstanding\noptions**\n \n \n**Weighted\naverage\nexercise\nprice of\noutstanding\noptions**\n \n \nNumber\nof\n\noptions\n\nremaining\n\navailable for\n\nfuture\n\nissuance\n\nunder Equity\n\nCompensation\n\nPlans\n \n\nEquity Compensation\nPlans approved by shareholders\n \n \n190,500\n \n \n$\n2.38\n \n \n \n59,500\n \n\nEquity\nCompensation Plans not approved by shareholders\n \n \n-\n \n \n \n-\n \n \n \n-\n \n\nTotal\n \n \n190,500\n \n \n$\n2.38\n \n \n \n59,500\n \n\n \n\n \n*\nSee discussion above and Note 13 of Notes to the Consolidated Financial Statements."}