SEC Form 4 · accession 0001574276-17-000016
SCHMITT INDUSTRIES INC · SMIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hudson
Officer — Chief Executive Officer · Director
Period of report
Dec 15, 2017
Accepted (ET)
Dec 19, 2017 · 6:39 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 StockF1 | Dec 15, 2017 | X | 333 | $2.50 | A | 1,333 | I | As custodian for minor son |
| Common Stock | Dec 15, 2017 | X | 666 | $2.50 | A | 9,166 | D | |
| Common Stock | Dec 19, 2017 | X | 2,166 | $2.50 | A | 11,332 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription Rights (right to buy)F1 | $2.50 | Dec 15, 2017 | X | 333 | D | Nov 27, 2017 | Dec 20, 2017 | Common Stock | 333 | 0 | I |
| Subscription Rights (right to buy) | $2.50 | Dec 15, 2017 | X | 666 | D | Nov 27, 2017 | Dec 20, 2017 | Common Stock | 666 | 2,166 | D |
| Subscription Rights (right to buy) | $2.50 | Dec 19, 2017 | X | 2,166 | D | Nov 27, 2017 | Dec 20, 2017 | Common Stock | 2,166 | 0 | D |
Explanation of responses
- F1This transaction involved a purchase of securities for the benefit of the reporting person's minor son and for whom the reporting person serves as a custodian. The reporting person disclaims ownership of these securities, and this report shall not be deemed an admission the reporting person is the beneficial owner of these securities for the purpose of Section 16 of the Securities and Exchange Act of 1934 or any other purpose.