SEC Form 4 · accession 0001437749-18-002597

SMTC CORP · SMTX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer

Period of report

Feb 12, 2018

Accepted (ET)

Feb 14, 2018 · 5:41 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 Stock^F2	Feb 12, 2018	M	31,746	—	A	59,524	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F2	—	Feb 12, 2018	M	31,746	D	Feb 12, 2018	Feb 12, 2018	Common Stock	31,746	432,461	D
Employee Stock Option (Right to buy)^F3	$1.23	May 15, 2017	A	335,929	A	—	May 15, 2027	Common Stock	335,929	464,207	D
Restricted Stock Units^F2	—	Dec 12, 2016	A	25,376	A	Dec 12, 2019	Dec 12, 2019	Common Stock	25,376	128,278	D
Employee Stock Options^F3	$1.33	Dec 12, 2016	A	71,156	A	—	May 15, 2027	Common Stock	335,929	102,902	D

F1This transaction represents the settlement of a restricted stock unit award granted on February 12, 2016 into shares of SMTC Corporation's common stock on its scheduled vesting date, and does not represent an open market purchase transaction.
F2Restricted stock units convert into shares of SMTC Corporation's common stock on a one-for-one basis.
F3The stock options become exercisable, if at all, in five one-fifth (20%) of the covered shares upon the average closing share price of SMTC Corporation's common stock on the NASDAQ Stock Market is above each of $2.00, $3.00, $4.00, $5.00 and $6.00 per share for a 90 day period, subject to continued employment by the holder with SMTC Corporation during such period.