Form 4 for SMSI SMITH MICRO SOFTWARE, INC.
Accepted 2022-03-09 00:00:00 ET · period of report 2022-02-25 · accession 0001209191-22-017690 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-03-09 | 2022-02-25 | SMSI | SMITH WILLIAM W JR | Pres, CEO, Dir, 10% | G - Gift | $0.00 | -4.32M | 321.0K | -93% | $0 | |
| I | 2022-03-09 | 2022-02-25 | SMSI | SMITH WILLIAM W JR | Pres, CEO, Dir, 10% | G - Gift | $0.00 | +4.32M | 4.78M | +950% | $0 |
| 2022-03-09 | 2022-03-07 | SMSI | SMITH WILLIAM W JR | Pres, CEO, Dir, 10% | A - Grant | $0.00 | +175.0K | 496.0K | +55% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-25 | G | D | 4,324,897 | $0.00 | 321,038 | D Smith Living Trust | — | — | (F1) On February 25, 2022, Mr. Smith made a gift of 4,324,897 shares to the Smith Living Trust. (F2) It was determined through routine review that previously reported total securities directly held by the reporting person were undercounted by 15 shares, not attributable to any specific, known transaction. This amount reflects the reporting person's total direct holdings as of the date indicated, inclusive of such 15 shares. |
| 2 | Common | Common Stock | 2022-02-25 | G | A | 4,324,897 | $0.00 | 4,779,925 | I | — | — | (F1) On February 25, 2022, Mr. Smith made a gift of 4,324,897 shares to the Smith Living Trust. (F4) Includes 455,028 shares formerly held in the William W. Smith, Jr. Revocable Trust, which were transferred to the Smith Living Trust on February 23, 2022. |
| 3 | Common | Common Stock | 2022-03-07 | A | A | 175,000 | $0.00 | 496,038 | D | — | — | (F3) Restricted stock subject to time-based and performance-based vesting. 50% of shares vest in equal monthly installments over 48 months, subject to continuing employment. 50% of shares vest subject to satisfaction of 2022 financial performance criteria, with 25% of such amount to vest approximately March 2023 and the remainder in equal monthly installments over the next 36 months. |