4//SEC Filing
Zapata Michael R. 4
Accession 0000921895-20-003142
CIK 0000922612other
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 6:25 PM ET
Size
18.6 KB
Accession
0000921895-20-003142
Insider Transaction Report
Form 4
Zapata Michael R.
Director
Transactions
- Tax Payment
Common Stock
2020-07-29$4.40/sh−2,400$10,560→ 60,977 total - Exercise/Conversion
Common Stock
2020-07-24+6,000→ 59,777 total - Tax Payment
Common Stock
2020-07-24$4.44/sh−2,400$10,656→ 57,377 total - Tax Payment
Common Stock
2020-10-27$5.06/sh−593$3,001→ 61,867 total - Exercise/Conversion
Common Stock
2020-07-29+6,000→ 63,377 total - Award
Common Stock
2020-10-27+1,483→ 62,460 total - Exercise/Conversion
RSUs
2020-07-24−6,000→ 6,000 total→ Common Stock (6,000 underlying) - Exercise/Conversion
RSUs
2020-07-29−6,000→ 0 total→ Common Stock (6,000 underlying)
Holdings
- 474,235(indirect: See footnote)
Common Stock
Footnotes (8)
- [F1]One tranche of 6,000 restricted stock units ("RSUs") vested based on the 15-day trading average closing price of the Issuer's common stock being greater than or equal to $3.90.
- [F2]Transaction represents the withholding of shares, at the value of $4.44 per share, to satisfy the tax withholding obligations following the vesting of 6,000 RSUs on July 24, 2020.
- [F3]One tranche of 6,000 RSUs vested based on the 15-day trading average closing price of the Issuer's common stock being greater than or equal to $4.10.
- [F4]Transaction represents the withholding of shares, at the value of $4.40 per share, to satisfy the tax withholding obligations following the vesting of 3,000 RSUs on July 29, 2020.
- [F5]On the Transaction Date, the Reporting Person was granted the immediately vested shares as compensation for service on the Issuer's board of directors.
- [F6]Transaction represents the withholding of shares, at the value of $5.06 per share, to satisfy the tax withholding obligations following the grant of 1,483 shares on October 27, 2020
- [F7]Mr. Zapata, as the Managing Member of Sententia Capital, may be deemed the beneficial owner of the 474,235 shares owned by Sententia Capital.
- [F8]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
Documents
Issuer
SCHMITT INDUSTRIES INC
CIK 0000922612
Entity typeother
Related Parties
1- filerCIK 0001758042
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 6:25 PM ET
- Size
- 18.6 KB