X0306 4 2019-12-03 0 0000922612 SCHMITT INDUSTRIES INC SMIT 0001758042 Zapata Michael R. 2765 NW NICOLAI STREET PORTLAND OR 97210 0 1 0 0 Chief Executive Officer Common Stock 2019-12-05 4 M 0 6000 0 A 47777 D Common Stock 2019-12-05 4 M 0 6000 0 D 2019-12-03 2022-12-03 Common Stock 6000 18000 D Restricted Stock Units (RSUs) vested on December 3, 2019, pursuant to the terms of the Executive Chairman Agreement dated December 1, 2018. Eight tranches of 6,000 RSUs vest if, prior to December 3, 2022, 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, $2.90, $3.10, $3.30,$3.50, $3.70, $3.90, and $4.10. Michael R Zapata 2019-12-05