SEC Form 4 · accession 0001437749-17-000336
SMTC CORP · SMTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sushil Dhiman
Officer — President and CEO · Director
Period of report
Jan 6, 2017
Accepted (ET)
Jan 6, 2017 · 5:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001108320
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 6, 2017 | M | 109,170 | — | A | 224,970 | D | |
| Common StockF3 | Jan 6, 2017 | S | 35,000 | $1.41 | D | 189,970 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Jan 6, 2017 | M | 109,170 | D | Jan 6, 2017 | Jan 6, 2017 | Common Stock | 109,170 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into the issuer's common stock, par value $0.01 per share ("Common Stock") on a one-for-one basis.
- F2The sales of Common Stock reported in this Form 4 were effected pursuant to a Rule 10b5-1 sales plan that was adopted by the reporting person on November 16, 2016 in order to cover tax obligations arising out of the vesting of the restricted stock units.
- F3The price in column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions ranging in price from $1.37 to $1.47, inclusive. For all transactions reported in this Form 4 utilizing a weighted average share price, the reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range.