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