4//SEC Filing
CASE WAYNE A 4
Accession 0001181431-11-036819
CIK 0000922612other
Filed
Jun 14, 8:00 PM ET
Accepted
Jun 15, 6:34 PM ET
Size
7.9 KB
Accession
0001181431-11-036819
Insider Transaction Report
Form 4
CASE WAYNE A
DirectorPresident and CEO
Transactions
- Award
Common Stock Option (Right to Buy)
2011-05-31+30,000→ 30,000 totalExercise: $3.65From: 2011-05-31Exp: 2021-05-31→ Common Stock (30,000 underlying) - Award
Common Stock Option (Right to Buy)
2011-05-31+15,000→ 15,000 total(indirect: By Spouse)Exercise: $3.65From: 2011-05-31Exp: 2021-05-31→ Common Stock (15,000 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 Mr. Case's retirement all of the unvested options, which are subject to this grant, will vest regardless of the date.
- [F2]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 Mr. Case's spouse all of the unvested options held by her, which are subject to this grant, will vest regardless of the date.
- [F3]Mr. Case's spouse also holds options to purchase 20,000 shares of common stock that expire on June 9, 2014.
Documents
Issuer
SCHMITT INDUSTRIES INC
CIK 0000922612
Entity typeother
IncorporatedOR
Related Parties
1- filerCIK 0001275543
Filing Metadata
- Form type
- 4
- Filed
- Jun 14, 8:00 PM ET
- Accepted
- Jun 15, 6:34 PM ET
- Size
- 7.9 KB