Brown Maynard E 4
4 · SCHMITT INDUSTRIES INC · Filed Feb 9, 2012
Insider Transaction Report
Form 4
Brown Maynard E
Director
Transactions
- Exercise/Conversion
Common Stock Option (Right to Buy)
2012-02-07−694→ 0 totalExercise: $1.20From: 2002-03-11Exp: 2012-03-11→ Common Stock (694 underlying) - Exercise/Conversion
Common Stock
2012-02-07$1.20/sh+694$833→ 694 total
Footnotes (2)
- [F1]These options vested in the following amounts on the following dates: 50% on March 11, 2002; 16.67% on March 11, 2003; 16.67% on March 11, 2004; and 16.66% on March 11, 2005.
- [F2]The Reporting Person also owns the following derivative securities: vested common stock options to purchase up to 2,500 shares of common stock that expire June 9, 2014; vested common stock options to purchase up to 5,000 shares of common stock that expire May 31, 2021; and unvested common stock options to purchase up to 5,000 shares of common stock that expire May 31, 2021.