SEC Form 4 · accession 0001437749-18-016461
SMTC CORP · SMTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard E Fitzgerald
Officer — COO
Period of report
Aug 28, 2018
Accepted (ET)
Aug 31, 2018 · 12:21 pm EDT
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 SharesF2 | Aug 28, 2018 | M | 4,361 | $2.25 | A | 26,110 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription Rights (right to buy) | $2.25 | Aug 28, 2018 | M | 4,361 | A | Jul 23, 2018 | Aug 28, 2018 | Common Stock | 4,361 | 0 | D |
| Employee Stock Option (right to buy)F1 | $1.26 | holding | — | — | — | — | Jun 5, 2027 | Common Stock | 335,929 | 335,929 | D |
Explanation of responses
- F1The 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.
- F2Transaction represents 4,361 common shares acquired via the rights offering for a purchase price of $2.25 a share.