0001792066-19-000017.txt : 20191205 0001792066-19-000017.hdr.sgml : 20191205 20191205180341 ACCESSION NUMBER: 0001792066-19-000017 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191203 FILED AS OF DATE: 20191205 DATE AS OF CHANGE: 20191205 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: 191271312 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 2019-12-03 0 0000922612 SCHMITT INDUSTRIES INC SMIT 0001280036 HINES ANDREWS P 1 0 0 0 Common Stock 2019-12-05 4 M 0 3000 0 A 22557 D Common Stock 2019-12-05 4 M 0 3000 0 D 2019-12-03 2028-12-24 Common Stock 3000 9000 D Restricted Stock Units (RSUs) vested on December 3, 2019, pursuant to the terms of the Strategic Advisory Committee Charter. One tranche of 6,000 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 P. Hines 2019-12-05