SEC Form 4 · accession 0000915779-16-000190
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, 2016
Accepted (ET)
Aug 25, 2016 · 4:23 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, 2016 | M | 432 | $0.00 | A | 264,390 | D | |
| Common Stock | Aug 23, 2016 | M | 700 | $0.00 | A | 265,090 | D | |
| Common Stock | Aug 23, 2016 | M | 1,200 | $0.00 | A | 266,290 | D | |
| Common Stock | Aug 23, 2016 | M | 1,200 | $0.00 | A | 267,490 | D | |
| Common StockF1 | Aug 23, 2016 | A | 249 | $0.00 | A | 28,672 | I | by 401k |
| Common Stock | holding | — | — | — | 17,400 | I | by Spouse | |
| 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, 2016 | M | 432 | D | — | — | Common Stock | 432 | 13,752 | D |
| Restricted Stock UnitsF3 | $0.00 | Aug 23, 2016 | M | 700 | D | — | — | Common Stock | 700 | 13,052 | D |
| Restricted Stock UnitsF4 | $0.00 | Aug 23, 2016 | M | 1,200 | D | — | — | Common Stock | 1,200 | 11,852 | D |
| Restricted Stock UnitsF5 | $0.00 | Aug 23, 2016 | M | 1,200 | D | — | — | Common Stock | 1,200 | 10,652 | D |
Explanation of responses
- F1Between June 27, 2016 and August 23, 2016, the reporting person acquired 249 shares of common stock of Daktronics, Inc. under the Daktronics, Inc. 401k Plan.
- 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.
- F5Restricted Stock Units granted on 09/03/2015 vest 20% each year for five years beginning on 08/23/2016. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.