Davidson Charles 4
4 · SCHMITT INDUSTRIES INC · Filed Nov 18, 2019
Insider Transaction Report
Form 4
Davidson Charles
Director
Transactions
- Exercise/Conversion
Common Stock
2019-11-18+3,000→ 15,000 total - Exercise/Conversion
Common Stock
2019-11-18−3,000→ 12,000 totalFrom: 2019-11-14Exp: 2028-12-24→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]Restricted Stock Units (RSUs) vested on November 14, 2019, pursuant to the terms of the Strategic Advisory Committee Charter.
- [F2]One tranche of 3,000 RSUs vest if the 15 day trading average closing price of the Company's common stock is greater than or equal to the target price of $2.70 and seven tranches of 3,000 RSUs vest if the 15 day trading average closing price of the Company's common stock is greater than or equal to the target price of $2.90, $3.10, $3.30, $3.50, $3.70, $3.90, and $4.10.