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
Cik Name Symbol Sector (SIC) IRS No
1108320 Smtc Corp SMTX Printed Circuit Boards (3672) 980197680
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
  1. 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.
  2. Each restricted stock unit converts into shares of SMTC Corporation's common stock on a one-for-one basis.
  3. 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).