SEC Form 4 · accession 0001181431-15-003143
SCHMITT INDUSTRIES INC · SMIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hudson
Director
Period of report
Feb 19, 2015
Accepted (ET)
Feb 24, 2015 · 2:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000922612
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 19, 2015 | G | 693 | $0.00 | D | 10,000 | D | |
| Common StockF1 | Feb 19, 2015 | G | 693 | $0.00 | A | 693 | I | As custodian for minor son |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction involved a gift of securities by the reporting person to his minor son. While the reporting person's son is a minor the reporting person will serve as custodian for these securities. However, the reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owners of these securities for purpose of Section 16 or any other purpose.