SEC Form 4 · accession 0000915779-18-000049
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, 2018
Accepted (ET)
Aug 24, 2018 · 4:40 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, 2018 | M | 700 | $0.00 | A | 280,307 | D | |
| Common Stock | Aug 23, 2018 | M | 1,200 | $0.00 | A | 281,507 | D | |
| Common Stock | Aug 23, 2018 | M | 1,200 | $0.00 | A | 282,707 | D | |
| Common Stock | Aug 23, 2018 | M | 1,200 | $0.00 | A | 283,907 | D | |
| Common Stock | Aug 23, 2018 | M | 1,200 | $0.00 | A | 285,107 | 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 UnitsF1 | $0.00 | Aug 23, 2018 | M | 700 | D | — | — | Common Stock | 700 | 16,800 | D |
| Restricted Stock UnitsF2 | $0.00 | Aug 23, 2018 | M | 1,200 | D | — | — | Common Stock | 1,200 | 15,600 | D |
| Restricted Stock UnitsF3 | $0.00 | Aug 23, 2018 | M | 1,200 | D | — | — | Common Stock | 1,200 | 14,400 | D |
| Restricted Stock UnitsF4 | $0.00 | Aug 23, 2018 | M | 1,200 | D | — | — | Common Stock | 1,200 | 13,200 | D |
| Restricted Stock UnitsF5 | $0.00 | Aug 23, 2018 | M | 1,200 | D | — | — | Common Stock | 1,200 | 12,000 | D |
Explanation of responses
- F1Restricted 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.
- F2Restricted 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.
- F3Restricted 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.
- F4Restricted 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.
- F5Restricted Stock Units granted on 08/31/2017 vest 20% each year for five years beginning on 08/23/2018. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.