0001574276-19-000003.txt : 20190927
0001574276-19-000003.hdr.sgml : 20190927
20190927203138
ACCESSION NUMBER: 0001574276-19-000003
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: HINES ANDREWS P
CENTRAL INDEX KEY: 0001280036
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38964
FILM NUMBER: 191123587
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
0001280036
HINES ANDREWS P
C/O SCHMITT INDUSTRIES, INC.
2765 NW NICOLAI ST.
PORTLAND
OR
97210
1
0
0
0
Common Stock
2019-09-27
4
M
0
5000
0
A
5000
D
Common Stock
2019-09-27
4
A
0
2917
0
A
7917
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 price 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.
RSUs granted in lieu of other board compensation for the July 30, 2019 Board meetings and vested immediately.
Andrew Phillip Hines
2019-09-27