0000921895-20-003166.txt : 20201202
0000921895-20-003166.hdr.sgml : 20201202
20201202171949
ACCESSION NUMBER: 0000921895-20-003166
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200414
FILED AS OF DATE: 20201202
DATE AS OF CHANGE: 20201202
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HINES ANDREWS P
CENTRAL INDEX KEY: 0001280036
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38964
FILM NUMBER: 201364784
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
form412252001_12022020.xml
OWNERSHIP DOCUMENT
X0306
4
2020-04-14
0
0000922612
SCHMITT INDUSTRIES INC
SMIT
0001280036
HINES ANDREWS P
2765 NW NICOLAI ST
PORTLAND
OR
97210
1
0
0
0
Common Stock
2020-04-14
4
A
0
2188
0
A
44776
D
Common Stock
2020-07-24
4
M
0
3000
0
A
47776
D
Common Stock
2020-07-29
4
M
0
3000
0
A
50776
D
Common Stock
2020-08-28
4
A
0
1318
0
A
52094
D
Common Stock
2020-10-27
4
A
0
12111
0
A
53305
D
Common Stock
2020-07-04
4
A
0
10000
0
A
10000
I
See footnote
Common Stock
2020-10-05
4
A
0
5779
0
A
15779
I
See footnote
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.
The Reporting Person's Form 4 filed on March 2, 2020 contained an error in the amount of securities benefically owned after the transaction reported. The current Form 4 reflects a correction to the amount of securities beneficially owned.
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.
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.
The transaction reflects the grant of 10,000 restricted stock units which vest in December 2020.
Reported securities held by the Reporting Person's spouse.
On the Transaction Date, the Reporting Person's spouse was granted the immediately vested shares as compensation for service to the Issuer.
Each RSU represents a contingent right to receive one share of the Issuer's common stock.
/s/Andrew P. Hines
2020-12-02