Case Linda M 4
4 · SCHMITT INDUSTRIES INC · Filed Jun 15, 2011
Insider Transaction Report
Form 4
Case Linda M
Secretary
Transactions
- Award
Common Stock Option (Right to Buy)
2011-05-31+15,000→ 15,000 totalExercise: $3.65From: 2011-05-31Exp: 2021-05-31→ Common Stock (15,000 underlying) - Award
Common Stock Option (Right to Buy)
2011-05-31+30,000→ 30,000 total(indirect: By Spouse)Exercise: $3.65From: 2011-05-31Exp: 2021-05-31→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]The options vest in the following amounts on the following dates: 50% on May 31, 2011; 16.67% on May 31, 2012; 16.67% on May 31, 2013; and 16.66% on May 31, 2014; provided, however, that upon Ms. Case's retirement all of the unvested options, which are subject to this grant, will vest regardless of the date.
- [F2]Ms. Case also holds options to purchase 20,000 shares of common stock that expire on June 9, 2014.
- [F3]The options vest in the following amounts on the following dates: 50% on May 31, 2011; 16.67% on May 31, 2012; 16.67% on May 31, 2013; and 16.66% on May 31, 2014; provided, however, that upon the retirement of Ms. Case's spouse all of the unvested options held by him, which are subject to this grant, will vest regardless of the date.