SEC Form 4 · accession 0000915779-17-000064
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
Aug 23, 2017
Accepted (ET)
Aug 25, 2017 · 11:42 am 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 StockF1 | Aug 23, 2017 | M | 420 | $0.00 | A | 190,130 | D | |
| Common StockF2 | Aug 23, 2017 | M | 600 | $0.00 | A | 190,730 | D | |
| Common StockF2 | Aug 23, 2017 | M | 600 | $0.00 | A | 191,330 | D | |
| Common StockF2 | Aug 23, 2017 | M | 600 | $0.00 | A | 191,930 | D | |
| Common StockF2 | Aug 23, 2017 | M | 600 | $0.00 | A | 192,530 | D | |
| Common Stock | Aug 23, 2017 | F | 111 | $9.41 | D | 192,419 | D | |
| Common Stock | Aug 23, 2017 | F | 158 | $9.41 | D | 192,261 | D | |
| Common Stock | Aug 23, 2017 | F | 158 | $9.41 | D | 192,103 | D | |
| Common Stock | Aug 23, 2017 | F | 158 | $9.41 | D | 191,945 | D | |
| Common Stock | Aug 23, 2017 | F | 158 | $9.41 | D | 191,787 | D | |
| Common StockF3 | Aug 23, 2017 | A | 863 | $0.00 | A | 14,072 | 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 | |
| Common Stock | holding | — | — | — | 8,000 | 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 UnitsF4 | $0.00 | Aug 23, 2017 | M | 420 | D | — | — | Common Stock | 420 | 8,400 | D |
| Restricted Stock UnitsF5 | $0.00 | Aug 23, 2017 | M | 600 | D | — | — | Common Stock | 600 | 7,800 | D |
| Restricted Stock UnitsF6 | $0.00 | Aug 23, 2017 | M | 600 | D | — | — | Common Stock | 600 | 7,200 | D |
| Restricted Stock UnitsF7 | $0.00 | Aug 23, 2017 | M | 600 | D | — | — | Common Stock | 600 | 6,600 | D |
| Restricted Stock UnitsF8 | $0.00 | Aug 23, 2017 | M | 600 | D | — | — | Common Stock | 600 | 6,000 | D |
Explanation of responses
- F1On August 23, 2017, 420 of the reporting persons restricted stock units vested, 309 shares of Common Stock were delivered, and 111 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligation.
- F2On August 23, 2017, 600 of the reporting persons restricted stock units vested, 442 shares of Common Stock were delivered, and 158 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligation.
- F3Between December 1, 2016 and August 23, 2017, the reporting person acquired 863 shares of common stock of Daktronics, Inc. under the Daktronics, Inc. 401k Plan.
- F4Restricted Stock Units granted on 08/23/2012 vest 20% each year for five years beginning on 08/23/2013. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
- F5Restricted Stock Units granted on 08/22/2013 vest 20% each year for five years beginning on 08/23/2014. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
- F6Restricted Stock Units granted on 09/04/2014 vest 20% each year for five years beginning on 08/23/2015. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
- F7Restricted 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.
- F8Restricted 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.