FITZGERALD RICHARD E 4
4 · SMTC CORP · Filed Nov 6, 2020
Insider Transaction Report
Form 4
SMTC CORPSMTX
Transactions
- Tax Payment
COMMON STOCK
2020-11-04$3.65/sh−37,500$136,875→ 254,682 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-11-04−201,558→ 134,371 totalExercise: $1.26Exp: 2027-06-05→ Common Stock (201,558 underlying) - Exercise/Conversion
COMMON STOCK
2020-11-04$1.26/sh+201,558$253,963→ 292,182 total
Footnotes (2)
- [F1]Represents a "net exercise" of outstanding stock options. The reporting person received 164,058 shares of common stock on net exercise of options to purchase 201,558 shares of common stock. The reporting person forfeited 37,500 shares of common stock underlying the option in payment of the applicable tax withholding, using the closing stock price on November 4, 2020 of $3.65.
- [F2]60% of the total stock option granted vested after the average closing closing share price of SMTC Corporation's common stock on the NASDAQ Stock Market was above each of $2.00, $3.00 and $4.00 per share for a 90-day period.