HINES ANDREWS P 4

4 · SCHMITT INDUSTRIES INC · Filed Dec 2, 2020

Form 4

Period: 2020-04-14

Director

Transactions

Award
Common Stock
2020-08-28+1,318→ 52,094 total
Exercise/Conversion
RSUs
2020-07-24−3,000→ 3,000 total
→ Common Stock (3,000 underlying)
Exercise/Conversion
RSUs
2020-07-29−3,000→ 0 total
→ Common Stock (3,000 underlying)
Award
Common Stock
2020-07-04+10,000→ 10,000 total(indirect: See footnote)
Award
Common Stock
2020-10-05+5,779→ 15,779 total(indirect: See footnote)
Exercise/Conversion
Common Stock
2020-07-24+3,000→ 47,776 total
Award
Common Stock
2020-10-27+12,111→ 53,305 total
Exercise/Conversion
Common Stock
2020-07-29+3,000→ 50,776 total
Award
Common Stock
2020-04-14+2,188→ 44,776 total

Footnotes (8)

[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]The Reporting Person's Form 4 filed on March 2, 2020 contained an error in the amount of securities benefically owned after the transaction reported. The current Form 4 reflects a correction to the amount of securities beneficially owned.
[F3]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.
[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]The transaction reflects the grant of 10,000 restricted stock units which vest in December 2020.
[F6]Reported securities held by the Reporting Person's spouse.
[F7]On the Transaction Date, the Reporting Person's spouse was granted the immediately vested shares as compensation for service to the Issuer.
[F8]Each RSU represents a contingent right to receive one share of the Issuer's common stock.

Documents

1 file