0001792066-19-000005.txt : 20191028 0001792066-19-000005.hdr.sgml : 20191028 20191028174808 ACCESSION NUMBER: 0001792066-19-000005 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191024 FILED AS OF DATE: 20191028 DATE AS OF CHANGE: 20191028 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: 191174014 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 2019-10-24 0 0000922612 SCHMITT INDUSTRIES INC SMIT 0001280036 HINES ANDREWS P 1 0 0 0 Common Stock 2019-10-24 4 M 0 3000 0 A 10917 D Common Stock 2019-10-24 4 M 0 3000 0 D 2019-10-24 2028-12-24 Common Stock 3000 18000 D Restricted Stock Units (RSUs) vested on October 24, 2019, pursuant to the terms of the Strategic Advisory Committee Charter. One tranche 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 $2.70 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. Andrew Phillip Hines 2019-10-28