Accession Number: | 0000921895-22-000176 |
Date: | 2022-01-14 |
Issuer: | SCHMITT INDUSTRIES INC (SMIT) |
Original Submission Date: |
TUNG LILLIAN
C/O SCHMITT INDUSTRIES INC.
2765 NW NICOLAI ST.
PORTLAND, OR 97210
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2022-01-14 | A | 1,190 | a | $0.00 | 6,324 | direct | ||
COMMON STOCK | 2022-01-14 | F | 476 | d | $5.15 | 5,848 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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ID | footnote |
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f1 | on the transaction date, the reporting person was granted the immediately vested shares as compensation for service on the issuer's board of directors. |
f2 | transaction represents the withholding of shares, at the value of $5.15 per share, to satisfy the tax withholding obligations following the grant of 1,190 shares of stock on january 14, 2022. |