SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Hoffrogge Steven G

(Last)

(First)

(Middle)

635 HOOD ROAD

(Street)

MARKHAM

L3R 4N6

(City)

(State)

(Zip)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior VP-Business Development

3. Date of Earliest Transaction (Month/Day/Year)
11/08/2010

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/08/2010		M		33,334	A	$1.64	33,334	D
Common Stock	11/08/2010		S		33,334	D	$4.25	0	D
Common Stock	11/08/2010		M		10,300	A	$2.5	10,300	D
Common Stock	11/08/2010		S		10,300	D	$4.5	0	D
Common Stock	11/09/2010		M		29,700	A	$2.5	29,700	D
Common Stock	11/09/2010		M		12,000	A	$0.7	41,700	D
Common Stock	11/09/2010		S		41,700	D	$4.52⁽¹⁾	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$1.64	11/08/2010		M			33,334	⁽²⁾	11/14/2012	Common Stock	33,334	$0	16,666	D
Employee Stock Option (Right to Buy)	$2.5	11/08/2010		M			10,300	11/16/2009	11/16/2011	Common Stock	10,300	$0	29,700	D
Employee Stock Option (Right to Buy)	$2.5	11/09/2010		M			29,700	11/16/2009	11/16/2011	Common Stock	29,700	$0	0	D
Employee Stock Option (Right to Buy)	$0.7	11/09/2010		M			12,000	⁽³⁾	11/10/2013	Common Stock	12,000	$0	38,000	D

Explanation of Responses:

1. The sale price reported in this Form 4 was between the range of $4.5 per share and $4.58 per share. The weighted average sale price is reported. Full information regarding the number of shares sold at each separate price will be provided to the Commission staff upon request.

2. One third of the options vested on November 14, 2008, one third of the options vested on November 14, 2009 and one third of the options will vest on November 14, 2010, such that all of the options will be fully vested on November 14, 2010.

3. One third of the options vested on November 10, 2009, one third of the options will vest on November 10, 2010 and one third of the options will vest on November 10, 2011, such that all of the options will be fully vested on November 10, 2011.

	/s/ Steven Hoffrogge	11/10/2010
	** 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 4 (b)(v).
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