SEC Form 4 · accession 0000915779-18-000051
DAKTRONICS INC /SD/ · DAKT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carla S Gatzke
Officer — Secretary and VP of Human Reso
Period of report
Aug 23, 2018
Accepted (ET)
Aug 24, 2018 · 4:41 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 StockF1 | Aug 23, 2018 | M | 550 | $0.00 | A | 436,578 | D | |
| Common StockF1 | Aug 23, 2018 | M | 550 | $0.00 | A | 437,128 | D | |
| Common StockF1 | Aug 23, 2018 | M | 550 | $0.00 | A | 437,678 | D | |
| Common StockF1 | Aug 23, 2018 | M | 550 | $0.00 | A | 438,228 | D | |
| Common StockF1 | Aug 23, 2018 | M | 550 | $0.00 | A | 438,778 | D | |
| Common Stock | Aug 23, 2018 | F | 128 | $7.48 | D | 438,650 | D | |
| Common Stock | Aug 23, 2018 | F | 128 | $7.48 | D | 438,522 | D | |
| Common Stock | Aug 23, 2018 | F | 128 | $7.48 | D | 438,394 | D | |
| Common Stock | Aug 23, 2018 | F | 128 | $7.48 | D | 438,266 | D | |
| Common Stock | Aug 23, 2018 | F | 128 | $7.48 | D | 438,138 | 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, 2018 | M | 550 | D | — | — | Common Stock | 550 | 7,700 | D |
| Restricted Stock UnitsF3 | $0.00 | Aug 23, 2018 | M | 550 | D | — | — | Common Stock | 550 | 7,150 | D |
| Restricted Stock UnitsF4 | $0.00 | Aug 23, 2018 | M | 550 | D | — | — | Common Stock | 550 | 6,600 | D |
| Restricted Stock UnitsF5 | $0.00 | Aug 23, 2018 | M | 550 | D | — | — | Common Stock | 550 | 6,050 | D |
| Restricted Stock UnitsF6 | $0.00 | Aug 23, 2018 | M | 550 | D | — | — | Common Stock | 550 | 5,500 | D |
Explanation of responses
- F1On August 23, 2018, 550 of the reporting persons restricted stock units vested, 422 shares of Common Stock were delivered, and 128 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligation.
- F2Restricted 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.
- F3Restricted 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.
- F4Restricted 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.
- F5Restricted 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.
- F6Restricted 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.