SEC Form 4 · accession 0000915779-16-000253
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
Dec 1, 2016
Accepted (ET)
Dec 5, 2016 · 4:32 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, 2016 | M | 420 | $0.00 | A | 267,910 | D | |
| Common StockF2 | Dec 1, 2016 | A | 292 | $0.00 | A | 28,964 | 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 UnitsF3 | $0.00 | Dec 1, 2016 | M | 420 | D | — | — | Common Stock | 420 | 14,079 | D |
Explanation of responses
- F1On December 1, 2016, 420 shares of the reporting person restricted stock units vested, 420 shares of Common Stock were delivered.
- F2Between August 23, 2016 and December 1, 2016, the reporting person acquired 292 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.