SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hoffrogge Steven G

(Last)

(First)

(Middle)

635 HOOD ROAD

(Street)

MARKHAM

L3R 4N6

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2004

3. Issuer Name and Ticker or Trading Symbol
SMTC CORP [ SMTX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior VP Bus. Devel.

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 par value	16,000⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option to Purchase Common Stock	⁽²⁾	04/22/2012	Common Stock, $0.01 par value	10,000⁽³⁾	⁽⁴⁾⁽⁵⁾	D

Explanation of Responses:

1. The Company effected a one-for-five reverse split of its Common Stock on October 4, 2004. Following the reverse stock split, the Reporting Person is the beneficial owner of 3,200 shares of the Company's Common Stock.

2. One-quarter of the options vested on April 22, 2003, and one-quarter of the options vested on April 22, 2004. Beginning on April 22, 2004, the remaining one-half of the options vest in eight equal quarterly installments (the first of which vested on July 22, 2004), such that all of the options will be fully vested on April 22, 2006.

3. Following the reverse stock split, the options can be exercised for 2,000 shares of Common Stock.

4. On the date of the event requiring this statement, 3000 of the options had an exercise price of $3.00 per share, 3000 of the options had an exercise price of $4.00 per share, and 4000 of the options had an exercise price of $8.00 per share.

5. Following the reverse stock split, 600 of the options have an exercise price of $15.00 per share, 600 of the options have an exercise price of $25.00 per share, and 800 of the options have an exercise price of $40.00 per share.

	/s/ Steven G. Hoffrogge	04/18/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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