Case David W 4
4 · SCHMITT INDUSTRIES INC · Filed Dec 12, 2011
Insider Transaction Report
Form 4
Case David W
Vice President of Operations
Transactions
- Exercise/Conversion
Common Stock Option (Right to Buy)
2011-11-28−25,000→ 8,333 totalExercise: $1.20From: 2002-03-11Exp: 2012-03-11→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2011-11-28$1.20/sh+25,000$30,000→ 75,263 total
Footnotes (2)
- [F1]These options vested in the following amounts on the following dates: 50,000 on March 11, 2002; 16,667 on March 11, 2003; 16,667 on March 11, 2004; and 16,666 on March 11, 2005.
- [F2]The Reporting Person also holds the following derivative securities: vested stock options to purchase 25,000 shares of common stock that expire on June 9, 2014; and stock options (50% of which have vested) to purchase 25,000 shares of common stock that expire on May 31, 2021.