0001792066-19-000013.txt : 20191118 0001792066-19-000013.hdr.sgml : 20191118 20191118143153 ACCESSION NUMBER: 0001792066-19-000013 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191114 FILED AS OF DATE: 20191118 DATE AS OF CHANGE: 20191118 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Zapata Michael R. CENTRAL INDEX KEY: 0001758042 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38964 FILM NUMBER: 191227120 MAIL ADDRESS: STREET 1: 102 W. 87TH ST STREET 2: #1S CITY: NEW YORK STATE: NY ZIP: 10024 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 2019-11-14 0 0000922612 SCHMITT INDUSTRIES INC SMIT 0001758042 Zapata Michael R. 2451 NW 28TH AVENUE PORTLAND OR 97210 0 1 0 0 Chief Executive Officer Common Stock 2019-11-18 4 M 0 6000 0 A 41777 D Common Stock 2019-11-18 4 M 0 6000 0 D 2019-11-14 2022-12-03 Common Stock 6000 24000 D Eight tranches of 6,000 RSUs vest if, prior to December 3, 2022, 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, $2.90, $3.10, $3.30, $3.50, $3.70, $3.90, and $4.10. Restricted Stock Units (RSUs) vested on November 14, 2019, pursuant to the terms of the Executive Chairman Agreement dated December 1, 2018. Michael R Zapata 2019-11-18