Form Type: 4

SEC EDGAR Link
Accession Number:0000921895-22-000176
Date:2022-01-14
Issuer: SCHMITT INDUSTRIES INC (SMIT)
Original Submission Date:

Reporting Person:

TUNG LILLIAN
C/O SCHMITT INDUSTRIES INC.
2765 NW NICOLAI ST. PORTLAND, OR 97210

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature 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
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
Footnotes
IDfootnote
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.
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