SEC Form 4 · accession 0000915779-15-000122
DAKTRONICS INC /SD/ · DAKT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew John Kurtenbach
Officer — VP of Manufacturing
Period of report
Dec 1, 2015
Accepted (ET)
Dec 3, 2015 · 3:47 pm EST
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 StockF1 | Dec 1, 2015 | M | 420 | $0.00 | A | 199,788 | D | |
| Common Stock | Dec 1, 2015 | F | 114 | $8.78 | D | 199,674 | D | |
| Common StockF2 | Dec 1, 2015 | J | 2,175 | $0.00 | A | 12,073 | I | by 401k |
| Common Stock | holding | — | — | — | 10,900 | I | Child A | |
| Common Stock | holding | — | — | — | 10,200 | I | Child B | |
| Common Stock | holding | — | — | — | 10,000 | I | Child C |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | $0.00 | Dec 1, 2015 | M | 420 | D | — | — | Common Stock | 420 | 8,775 | D |
Explanation of responses
- F1On December 1, 2015, 420 shares of the reporting person restricted stock units vested, 306 shares of Common Stock were delivered, and 114 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligation.
- F2Between August 30, 2013 and December 1, 2015, the reporting person acquired 2,175.4349 shares of common stock of Daktronics, Inc. under the Daktronics, Inc. 401k Plan.
- F3Restricted Stock Units granted on 12/1/2011 vest 20% each year for five years beginning on 12/1/2012. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.