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DAKT Daktronics Inc

10.35
0.23 (2.27%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Daktronics Inc NASDAQ:DAKT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.23 2.27% 10.35 9.36 11.28 10.51 10.18 10.19 460,831 05:00:05

Statement of Changes in Beneficial Ownership (4)

08/09/2020 10:21pm

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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Wiemann Bradley T
2. Issuer Name and Ticker or Trading Symbol

DAKTRONICS INC /SD/ [ DAKT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Exec Vice President
(Last)          (First)          (Middle)

201 DAKTRONICS DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

9/3/2020
(Street)

BROOKINGS, SD 57006
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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
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

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option $4.11 9/3/2020  A   12500     (1)9/3/2030 Common Stock 12500.0 $0 90955 D  
Restricted Stock Units $0.0 (2)9/3/2020  A   2500     (3) (3)Common Stock 2500.0 $0 7800 D  

Explanation of Responses:
(1) Incentive Stock Options 20% vested each year for a total of five years - vesting schedule 8/23/2021, 8/23/2022, 08/23/2023, 08/23/2024, 08/23/2025.
(2) Each Restricted Stock Unit represents the contingent right to receive one share of Daktronics, Inc. common stock.
(3) Restricted Stock Units granted on 09/03/2020 vest 20% each year for five years beginning on 08/23/2021. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Wiemann Bradley T
201 DAKTRONICS DRIVE
BROOKINGS, SD 57006


Exec Vice President

Signatures
Bradley T. Wiemann9/8/2020
**Signature of Reporting PersonDate

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