4//SEC Filing
Davidson Charles 4
Accession 0000921895-20-003143
CIK 0000922612other
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 6:48 PM ET
Size
16.0 KB
Accession
0000921895-20-003143
Insider Transaction Report
Form 4
Davidson Charles
Director
Transactions
- Exercise/Conversion
Common Stock
2020-07-29+3,000→ 28,167 total - Exercise/Conversion
Common Stock
2020-07-24+3,000→ 26,367 total - Award
Common Stock
2020-04-14+2,367→ 23,367 total - Exercise/Conversion
RSUs
2020-07-29−3,000→ 0 total→ Common Stock (3,000 underlying) - Tax Payment
Common Stock
2020-07-24$4.44/sh−1,200$5,328→ 25,167 total - Tax Payment
Common Stock
2020-07-29$4.40/sh−1,200$5,280→ 26,967 total - Exercise/Conversion
RSUs
2020-07-24−3,000→ 3,000 total→ Common Stock (3,000 underlying)
Footnotes (6)
- [F1]On the Transaction Date, the Reporting Person was granted the immediately vested shares as compensation for service on the Issuer's board of directors.
- [F2]One tranche of 3,000 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.
- [F3]Transaction represents the withholding of shares, at the value of $4.44 per share, to satisfy the tax withholding obligations following the vesting of 3,000 RSUs on July 24, 2020.
- [F4]One tranche of 3,000 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.
- [F5]Transaction represents the withholding of shares, at the value of $4.38 per share, to satisfy the tax withholding obligations following the vesting of 3,000 RSUs on July 29, 2020.
- [F6]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 0001680777
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 6:48 PM ET
- Size
- 16.0 KB