0001792066-19-000023.txt : 20191231
0001792066-19-000023.hdr.sgml : 20191231
20191231160954
ACCESSION NUMBER: 0001792066-19-000023
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191230
FILED AS OF DATE: 20191231
DATE AS OF CHANGE: 20191231
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Davidson Charles
CENTRAL INDEX KEY: 0001680777
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38964
FILM NUMBER: 191319577
MAIL ADDRESS:
STREET 1: C/O SCHMITT INDUSTRIES, INC.
STREET 2: 2765 N.W. NICOLAI STREET
CITY: PORTLAND
STATE: OR
ZIP: 97210
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
2019-12-30
0
0000922612
SCHMITT INDUSTRIES INC
SMIT
0001680777
Davidson Charles
C/O SCHMITT INDUSTRIES, INC.
2765 N.W. NICOLAI STREET
PORTLAND
OR
97210
1
0
0
0
Common Stock
2019-12-31
4
M
0
3000
0
A
21000
D
Common Stock
2019-12-31
4
M
0
3000
0
D
2019-12-30
2028-12-24
Common Stock
3000
6000
D
Restricted Stock Units (RSUs) vested on December 30, 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.
Charles Davidson
2019-12-31