Statement of Changes in Beneficial Ownership (4)
November 06 2020 - 03:46PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * FITZGERALD RICHARD
E |
2. Issuer Name and Ticker or Trading
Symbol SMTC CORP [ SMTX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
COO |
(Last)
(First)
(Middle)
7050 WOODBINE AVENUE, SUITE 300 |
3. Date of Earliest Transaction (MM/DD/YYYY)
11/4/2020
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(Street)
MARKHAM, A6 L3R 4G8
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
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1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
COMMON STOCK |
11/4/2020 |
|
M |
|
201558 (1) |
A |
$1.26 |
292182 |
D |
|
COMMON STOCK |
11/4/2020 |
|
F |
|
37500 (1) |
D |
$3.65 |
254682 |
D |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (Right to
Buy) |
$1.26 |
11/4/2020 |
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M |
|
|
201558 |
(2) |
6/5/2027 |
Common Stock |
201558 |
$0.00 |
134371 |
D |
|
Explanation of
Responses: |
(1) |
Represents a "net exercise"
of outstanding stock options. The reporting person received 164,058
shares of common stock on net exercise of options to purchase
201,558 shares of common stock. The reporting person forfeited
37,500 shares of common stock underlying the option in payment of
the applicable tax withholding, using the closing stock price on
November 4, 2020 of $3.65. |
(2) |
60% of the total stock
option granted vested after the average closing closing share price
of SMTC Corporation's common stock on the NASDAQ Stock Market was
above each of $2.00, $3.00 and $4.00 per share for a 90-day
period. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
FITZGERALD RICHARD E
7050 WOODBINE AVENUE
SUITE 300
MARKHAM, A6 L3R 4G8 |
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|
COO |
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Signatures
|
Richard Fitzgerald |
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11/6/2020 |
**Signature of Reporting
Person |
Date |