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