SEC Form 4 · accession 0000915779-16-000215
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
Sep 1, 2016
Accepted (ET)
Sep 2, 2016 · 2:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000915779
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF1 | $9.57 | Sep 1, 2016 | A | 15,000 | A | — | Sep 1, 2026 | Common Stock | 15,000 | 15,000 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Sep 1, 2016 | A | 6,000 | A | — | Sep 1, 2026 | Common Stock | 6,000 | 6,000 | D |
Explanation of responses
- F1Incentive Stock Options 20% vested each year for a total of five years - vesting schedule 8/23/2017, 8/23/2018, 08/23/2019, 08/23/2020, 08/23/2021.
- F2Each Restricted Stock Unit represents the contingent right to receive one share of Daktronics, Inc. common stock.
- F3Restricted Stock Units granted on 09/01/2016 vest 20% each year for five years beginning on 08/23/2017. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.