Statement of Changes in Beneficial Ownership (4)
August 25 2020 - 4:39PM
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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3235-0287
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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
*
Kurtenbach Matthew John |
2. Issuer Name and Ticker or Trading Symbol
DAKTRONICS INC /SD/
[
DAKT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP of Manufacturing |
(Last)
(First)
(Middle)
201 DAKTRONICS DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/23/2020 |
(Street)
BROOKINGS, SD 57006
(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
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 8/23/2020 | | M | | 600 | A | $0 (1) | 211402 | D | |
Common Stock | 8/23/2020 | | M | | 600 | A | $0 (1) | 212002 | D | |
Common Stock | 8/23/2020 | | M | | 600 | A | $0 (1) | 212602 | D | |
Common Stock | 8/23/2020 | | M | | 500 | A | $0 (2) | 213102 | D | |
Common Stock | 8/23/2020 | | M | | 500 | A | $0 (2) | 213602 | D | |
Common Stock | 8/23/2020 | | F | | 140 | D | $3.82 (1) | 213462 | D | |
Common Stock | 8/23/2020 | | F | | 140 | D | $3.82 (1) | 213322 | D | |
Common Stock | 8/23/2020 | | F | | 140 | D | $3.82 (1) | 213182 | D | |
Common Stock | 8/23/2020 | | F | | 117 | D | $3.82 (2) | 213065 | D | |
Common Stock | 8/23/2020 | | F | | 117 | D | $3.82 (2) | 212948 | D | |
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 |
Restricted Stock Units | $0.0 | 8/23/2020 | | M | | | 600 | (3) | (3) | Common Stock | 600.0 | $0 | 7500 | D | |
Restricted Stock Units | $0.0 | 8/23/2020 | | M | | | 600 | (4) | (4) | Common Stock | 600.0 | $0 | 6900 | D | |
Restricted Stock Units | $0.0 | 8/23/2020 | | M | | | 600 | (5) | (5) | Common Stock | 600.0 | $0 | 6300 | D | |
Restricted Stock Units | $0.0 | 8/23/2020 | | M | | | 500 | (6) | (6) | Common Stock | 500.0 | $0 | 5800 | D | |
Restricted Stock Units | $0.0 | 8/23/2020 | | M | | | 500 | (7) | (7) | Common Stock | 500.0 | $0 | 5300 | D | |
Explanation of Responses: |
(1) | On August 23, 2020, 600 of the reporting persons restricted stock units vested, 460 shares of Common Stock were delivered, and 140 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligation. |
(2) | On August 23, 2020, 500 of the reporting persons restricted stock units vested, 383 shares of Common Stock were delivered, and 117 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligation. |
(3) | Restricted Stock Units granted on 09/03/2015 vest 20% each year for five years beginning on 08/23/2016. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting. |
(4) | Restricted Stock Units granted on 09/01/2016 vest 20% each year for five years beginning on 08/23/2017. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting. |
(5) | Restricted Stock Units granted on 08/31/2017 vest 20% each year for five years beginning on 08/23/2018. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting. |
(6) | Restricted Stock Units granted on 09/06/2018 vest 20% each year for five years beginning on 08/23/2019. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting. |
(7) | Restricted Stock Units granted on 09/05/2019 vest 20% each year for five years beginning on 08/23/2020. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Kurtenbach Matthew John 201 DAKTRONICS DRIVE BROOKINGS, SD 57006 |
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| VP of Manufacturing |
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Signatures
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Matthew J. Kurtenbach | | 8/25/2020 |
**Signature of Reporting Person | Date |
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