Brown Maynard E 4
4 · SCHMITT INDUSTRIES INC · Filed Jun 22, 2011
Insider Transaction Report
Form 4
Brown Maynard E
Director
Transactions
- Award
Common Stock Option (Right to Buy)
2011-05-31+10,000→ 10,000 totalExercise: $3.65From: 2011-05-31Exp: 2021-05-31→ Common Stock (10,000 underlying)
Footnotes (2)
- [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.
- [F2]Mr. Brown also holds the following derivative securities: options to purchase 694 shares of common stock that expire on March 11, 2012; and options to purchase 2,500 shares of common stock that expire on June 9, 2014.