SMITH EDWARD J 4
4 · SMTC CORP · Filed Jan 5, 2021
Insider Transaction Report
Form 4
SMTC CORPSMTX
SMITH EDWARD J
DirectorPresident & CEO
Transactions
- Exercise/Conversion
COMMON STOCK
2020-12-31$1.23/sh+181,500$223,245→ 543,157 total - Tax Payment
COMMON STOCK
2020-12-31$4.96/sh−81,929$406,368→ 461,228 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-12-31−181,500→ 490,358 totalExercise: $1.23Exp: 2027-05-15→ COMMON STOCK (181,500 underlying)
Footnotes (2)
- [F1]Represents a "net exercise" of a stock option pursuant to which shares were withheld in payment of the applicable exercise price and tax withholding, using the closing stock price on December 31, 2020 of $4.96.
- [F2]60% of the total stock option granted vested after the average 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 and the remainder vests when the average close price is above each of $5.00 and 6.00 per share for a 90-day period.