SEC Form 4/A · accession 0001574276-17-000011
SCHMITT INDUSTRIES INC · SMIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
David W Case
Officer — VP, Operations
Period of report
Apr 12, 2017
Accepted (ET)
Apr 21, 2017 · 6:05 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)F2,F1 | $1.70 | Apr 12, 2017 | A | 20,000 | A | Apr 12, 2017 | Apr 12, 2027 | Common Stock | 20,000 | 20,000 | 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.
- F2The sole purpose of this amendment is to report that the price of derivative security is $0.00 and not $1.70 as originally reported.