SEC Form 4 · accession 0000915779-15-000060
DAKTRONICS INC /SD/ · DAKT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reece A Kurtenbach
Officer — Chairman, President and CEO · Director
Period of report
Aug 23, 2015
Accepted (ET)
Aug 25, 2015 · 4:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000915779
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 23, 2015 | M | 432 | $0.00 | A | 245,785 | D | |
| Common Stock | Aug 23, 2015 | M | 700 | $0.00 | A | 246,485 | D | |
| Common StockF1 | Aug 23, 2015 | M | 1,200 | $0.00 | A | 247,685 | D | |
| Common Stock | Aug 23, 2015 | F | 328 | $11.70 | D | 247,357 | D | |
| Common Stock | holding | — | — | — | 17,400 | I | by Spouse | |
| Common Stock | holding | — | — | — | 23,725 | I | by 401k | |
| Common Stock | holding | — | — | — | 11,200 | I | Child A | |
| Common Stock | holding | — | — | — | 11,200 | I | Child B | |
| Common Stock | holding | — | — | — | 11,200 | I | Child C | |
| Common Stock | holding | — | — | — | 11,200 | I | Child 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 UnitsF2 | $0.00 | Aug 23, 2015 | M | 432 | D | — | — | Common Stock | 432 | 11,683 | D |
| Restricted Stock UnitsF3 | $0.00 | Aug 23, 2015 | M | 700 | D | — | — | Common Stock | 700 | 10,119 | D |
| Restricted Stock UnitsF4 | $0.00 | Aug 23, 2015 | M | 1,200 | D | — | — | Common Stock | 1,200 | 9,247 | D |
Explanation of responses
- F1On August 23, 2015, 1200 of the reporting persons restricted stock units vested, 872 shares of Common Stock were delivered, and 328 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligation.
- F2Restricted Stock Units granted on 8/23/2012 vest 20% each year for five years beginning on 8/23/2013. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
- F3Restricted Stock Units granted on 8/22/2013 vest 20% each year for five years beginning on 8/23/2014. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
- F4Restricted Stock Units granted on 9/4/14 vest 20% each year for five years beginning on 8/23/2015. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.