SEC Form 4 · accession 0001574276-17-000004
SCHMITT INDUSTRIES INC · SMIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
David Hudson
Officer — President and CEO · Director
Period of report
Apr 12, 2017
Accepted (ET)
Apr 14, 2017 · 6:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000922612
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Option (Right to Buy)F1 | $1.70 | Apr 12, 2017 | A | 85,000 | A | Apr 12, 2017 | Apr 12, 2027 | Common Stock | 85,000 | 85,000 | D |
Explanation of responses
- F1The stock options vest in the following amounts on the following dates: 33% on April 12, 2017, 33% on April 12, 2018 and 34% on April 12, 2019.