SEC Form 4 · accession 0001437749-18-022804
SMTC CORP · SMTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven M Waszak
Officer — CFO
Period of report
Dec 27, 2018
Accepted (ET)
Dec 31, 2018 · 12:28 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 | Dec 27, 2018 | P | 1,500 | $3.80 | A | 4,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $2.07 | holding | — | — | — | — | May 15, 2027 | Common Stock | 335,929 | 335,929 | D |
Explanation of responses
- F1The stock option becomes exercisable, if at all, in five one-fifth (20%) of the covered shares upon the average closing share price of the SMTC Corporation common stock on the NASDAQ Stock Market is above each of $2.50, $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.