0001792066-19-000015.txt : 20191118 0001792066-19-000015.hdr.sgml : 20191118 20191118144537 ACCESSION NUMBER: 0001792066-19-000015 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191114 FILED AS OF DATE: 20191118 DATE AS OF CHANGE: 20191118 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: 191227244 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 2019-11-14 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 2019-11-18 4 M 0 3000 0 A 15000 D Common Stock 2019-11-18 4 M 0 3000 0 D 2019-11-14 2028-12-24 Common Stock 3000 12000 D Restricted Stock Units (RSUs) vested on November 14, 2019, pursuant to the terms of the Strategic Advisory Committee Charter. One tranche 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 $2.70 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 2019-11-18