0001574276-19-000002.txt : 20190927
0001574276-19-000002.hdr.sgml : 20190927
20190927201109
ACCESSION NUMBER: 0001574276-19-000002
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20181203
FILED AS OF DATE: 20190927
DATE AS OF CHANGE: 20190927
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: 191123568
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
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2018-12-03
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
2019-09-27
4
M
0
5000
0
A
6000
D
Restricted Stock Units
2018-12-03
4
A
0
26000
0
A
Common Stock
26000
26000
D
Restricted Stock Units
2019-09-27
4
M
0
5000
0
D
2018-12-24
2028-12-24
Common Stock
5000
21000
D
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
One tranche of 5,000 RSUs vest if the 15-day trading average closing price of the Company's common stock is greater than or equal to the target price of $2.70 and seven tranches of 3,000 RSUs vest if the 15-day trading average closing prices of the Company's common stock is greater than or equal to the target price of $2.90, $3.10, $3.30, $3.50, $3.70, $3.90 and $4.10.
RSUs vested on December 24, 2018, pursuant to the terms of the Strategic Advisory Committee charter.
Charles Davidson
2019-09-27