0000921895-20-003143.txt : 20201130
0000921895-20-003143.hdr.sgml : 20201130
20201130184849
ACCESSION NUMBER: 0000921895-20-003143
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200414
FILED AS OF DATE: 20201130
DATE AS OF CHANGE: 20201130
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Davidson Charles
CENTRAL INDEX KEY: 0001680777
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38964
FILM NUMBER: 201359378
MAIL ADDRESS:
STREET 1: C/O SCHMITT INDUSTRIES, INC.
STREET 2: 2765 N.W. NICOLAI STREET
CITY: PORTLAND
STATE: OR
ZIP: 97210
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SCHMITT INDUSTRIES INC
CENTRAL INDEX KEY: 0000922612
STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
IRS NUMBER: 931151989
STATE OF INCORPORATION: OR
FISCAL YEAR END: 0531
BUSINESS ADDRESS:
STREET 1: 2765 NW NICOLAI ST
CITY: PORTLAND
STATE: OR
ZIP: 97210
BUSINESS PHONE: 5032277908
MAIL ADDRESS:
STREET 1: 2765 NW NICOLAI ST
CITY: PORTLAND
STATE: OR
ZIP: 97210
4
1
form412252001dav_11302020.xml
OWNERSHIP DOCUMENT
X0306
4
2020-04-14
0
0000922612
SCHMITT INDUSTRIES INC
SMIT
0001680777
Davidson Charles
C/O SCHMITT INDUSTRIES, INC.
2765 N.W. NICOLAI STREET
PORTLAND
OR
97210
1
0
0
0
Common Stock
2020-04-14
4
A
0
2367
0
A
23367
D
Common Stock
2020-07-24
4
M
0
3000
0
A
26367
D
Common Stock
2020-07-24
4
F
0
1200
4.44
D
25167
D
Common Stock
2020-07-29
4
M
0
3000
0
A
28167
D
Common Stock
2020-07-29
4
F
0
1200
4.40
D
26967
D
RSUs
2020-07-24
4
M
0
3000
0
D
Common Stock
3000
3000
D
RSUs
2020-07-29
4
M
0
3000
0
D
Common Stock
3000
0
D
On the Transaction Date, the Reporting Person was granted the immediately vested shares as compensation for service on the Issuer's board of directors.
One tranche of 3,000 restricted stock units ("RSUs") vested based on the 15-day trading average closing price of the Issuer's common stock being greater than or equal to $3.90.
Transaction represents the withholding of shares, at the value of $4.44 per share, to satisfy the tax withholding obligations following the vesting of 3,000 RSUs on July 24, 2020.
One tranche of 3,000 RSUs vested based on the 15-day trading average closing price of the Issuer's common stock being greater than or equal to $4.10.
Transaction represents the withholding of shares, at the value of $4.38 per share, to satisfy the tax withholding obligations following the vesting of 3,000 RSUs on July 29, 2020.
Each RSU represents a contingent right to receive one share of the Issuer's common stock.
/s/Charles Davidson
2020-11-30