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SCHMITT INDUSTRIES INC·4

Dec 31, 4:24 PM ET

Zapata Michael R. 4

4 · SCHMITT INDUSTRIES INC · Filed Dec 31, 2019

Insider Transaction Report

Form 4
Period: 2019-12-30
SCHMITT INDUSTRIES INCSMIT
Zapata Michael R.
DirectorChief Executive Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2019-12-31+6,000→ 53,777 total
  • Exercise/Conversion

    Common Stock

    [F2][F1]
    2019-12-31−6,000→ 12,000 total
    From: 2019-12-30Exp: 2022-12-03→ Common Stock (6,000 underlying)
Holdings

  • Common Stock

    [F3]
    (indirect: See footnote)
    474,235
Footnotes (3)
  • [F1]Restricted Stock Units (RSUs) vested on December 30, 2019, pursuant to the terms of the Executive Chairman Agreement dated December 1, 2018.
  • [F2]Eight tranches of 6,000 RSUs vest if, prior to December 3, 2022, 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, $2.90, $3.10, $3.30, $3.50, $3.70, $3.90, and $4.10.
  • [F3]Mr. Zapata, as the Managing Member of Sententia Capital, may be deemed the beneficial owner of the 474,235 shares owned by Sententia Capital.
Signature
Michael R Zapata|2019-12-31

Documents

1 file
  • 4
    primary_doc.xmlPrimary

    PRIMARY DOCUMENT