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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
922612	Schmitt Industries Inc	SMIT	Industrial Instruments For Measurement, Display, And Control (3823)	931151989

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1758042	R. Michael Zapata	2765 Nw Nicolai Street Portland OR 97210	Chief Executive Officer	No	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 Stock	Acquisiton	2019-12-17	123,456	$3.25	474,235	No	4	P	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	47,777	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Common Stock	$0.00		2028-12-24	0	18,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2028-12-24	0	18,000	Direct

Footnotes

Sententia Capital purchased 123,456 shares in a private transaction on December 17, 2019. Mr. Zapata, as the Managing Member of Sententia Capital, may be deemed the beneficial owner of the 474,235 shares owned by Sententia Capital.
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.