X0303 4 2010-12-31 0 0001108320 SMTC CORP SMTX 0001325533 Red Oak Partners, LLC 654 BROADWAY SUITE 5 NEW YORK NY 10012 0 0 1 0 0001423093 Sandberg David 654 BROADWAY SUITE 5 NEW YORK NY 10012 1 0 1 0 Common Stock 2010-12-31 4 J 0 625000 3.2 D 1845392 I By The Red Oak Fund, LP Common Stock 2010-12-31 4 J 0 625000 3.2 A 2488792 I By David Sandberg Red Oak Partners, LLC (the "General Partner") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of the General Partner and the Fund's portfolio manager. Red Oak Partners, LLC (the "General Partner") serves as a general partner of Pinnacle Fund LLLP, a Colorado limited liability limited partnership ("Pinnacle"), the direct owner of the subject securities. David Sandberg is a limited partner of Pinnacle, the managing member of the General Partner and an investment advisor to Pinnacle. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose. Explanation of transaction code: The partnership transferred securities to a limited partner as an in-kind redemption of partnership interests. The deemed transfer price was the closing price on the transfer date. David Sandberg 2011-01-06