Zapata Michael R. 4
4 · SCHMITT INDUSTRIES INC · Filed Dec 31, 2019
Insider Transaction Report
Form 4
Zapata Michael R.
Director
Transactions
- Exercise/Conversion
Common Stock
2019-12-31−6,000→ 12,000 totalFrom: 2019-12-30Exp: 2022-12-03→ Common Stock (6,000 underlying) - Exercise/Conversion
Common Stock
2019-12-31+6,000→ 53,777 total
Holdings
- 474,235(indirect: See footnote)
Common Stock
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.