Statement of Changes in Beneficial Ownership (4)

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 * SMITH EDWARD J	2. Issuer Name and Ticker or Trading Symbol SMTC CORP [ SMTX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) President & CEO
(Last)          (First)          (Middle) C/O SMTC CORPORATION, 7050 WOODBINE AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 12/31/2020
(Street) MARKHAM, A6 L3R 4G8 (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
COMMON STOCK	12/31/2020		M		181500 (1)	A	$1.23	543157	D
COMMON STOCK	12/31/2020		F		81929 (1)	D	$4.96	461228	D

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 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)	$1.23	12/31/2020		M			181500	(2)	5/15/2027	COMMON STOCK	181500	$0.00	490358	D

Explanation of Responses:
(1)	Represents a "net exercise" of a stock option pursuant to which shares were withheld in payment of the applicable exercise price and tax withholding, using the closing stock price on December 31, 2020 of $4.96.
(2)	60% of the total stock option granted vested after the average 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 and the remainder vests when the average close price is above each of $5.00 and 6.00 per share for a 90-day period.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SMITH EDWARD J C/O SMTC CORPORATION 7050 WOODBINE AVENUE MARKHAM, A6 L3R 4G8	X		President & CEO

Signatures
/S/ EDWARD J. SMITH		1/5/2021
**Signature of Reporting Person		Date