SEC Form 4 · accession 0001437749-16-026892
SMTC CORP · SMTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sushil Dhiman
Officer — Chief Executive Officer · Director
Period of report
Feb 26, 2016
Accepted (ET)
Mar 4, 2016 · 8:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001108320
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units | $1.34 | Feb 26, 2016 | A | 55,224 | A | Feb 26, 2019 | Feb 26, 2019 | Common Stock | 55,224 | 289,049 | D |
| Restricted Stock UnitsF1 | $1.34 | Feb 26, 2016 | A | 55,224 | A | Feb 26, 2019 | Feb 26, 2019 | Common Stock | 55,224 | 344,273 | D |
| Stock OptionsF2 | $1.34 | Feb 26, 2016 | A | 155,403 | A | Feb 26, 2017 | Feb 26, 2026 | Common Stock | 155,403 | 499,676 | D |
Explanation of responses
- F1Includes performance based measures such that the 55,224 shares will only be issued in the event that the three year average total shareholder return on SMTC stock exceeds the three year average total shareholder return based on S&P 500.
- F2Stock Options are exercisable as follows: 51,801/ 51,801/ 51,801 on February 26, 2017, February 26, 2018 and February 27, 2019 respectively.