Filing Details
- Accession Number:
- 0001437749-17-010951
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-06-08 15:58:22
- Reporting Period:
- 2017-06-07
- Filing Date:
- 2017-06-08
- Accepted Time:
- 2017-06-08 15:58:22
- SEC Url:
- Form 4 Filing
Issuer
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1216591 | J Edward Smith | C/O Smtc Corporation 7050 Woodbine Avenue Markham A6 L3R4G8 | President & Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Shares | Acquisiton | 2017-06-07 | 1,500 | $1.27 | 37,705 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Employee Stock Option (right to buy) | $1.23 | 2027-05-15 | 671,858 | 731,858 | Direct | |
Common Stock | Restricted Stock Units | $0.00 | 60,000 | 60,000 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2027-05-15 | 671,858 | 731,858 | Direct |
60,000 | 60,000 | Direct |
Footnotes
- The stock options become exercisable, if at all, in five oner-fifth (20%) of the covered shares upon the average closing share price of SMTC Corporation's common stock on the NASDAQ Stock Market is above each of $2.00, $3.00, $4.00, $5.00 and $6.00 per share for a 90 day period, subject to continued employment by the holder with SMTC Corporation during such period.
- Each restricted stock unit converts into shares of SMTC Corporation's common stock on a one-for-one basis.
- The restricted stock units vest upon the earlier to occur of: (i) the first anniversary of the grant date for the restricted stock units, which would be February 17, 2018, provided that Mr. Smith still providing services as President and Chief Executive of SMTC Corporation on such vesting date or (ii) a Covered Transaction (as defined in the SMTC 2010 Incentive Plan, as amended).