4//SEC Filing
HINES ANDREWS P 4
Accession 0000921895-20-003166
CIK 0000922612other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 5:19 PM ET
Size
19.5 KB
Accession
0000921895-20-003166
Insider Transaction Report
Form 4
HINES ANDREWS P
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
Issuer
SCHMITT INDUSTRIES INC
CIK 0000922612
Entity typeother
Related Parties
1- filerCIK 0001280036
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 5:19 PM ET
- Size
- 19.5 KB