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DAKTRONICS INC /SD/ — Director's Dealing 2010
Dec 7, 2010
32225_dirs_2010-12-06_c8cca84e-5f1e-402a-9533-bc4fd6dfd96f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DAKTRONICS INC /SD/ (DAKT)
CIK: 0000915779
Period of Report: 2010-12-02
Reporting Person: Kurtenbach Reece A (Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-12-03 | Common Stock | M | 420.0000 | $0.0000 | Acquired | 216702.0000 | Direct |
| 2010-12-03 | Common Stock | F | 105.0000 | $14.6200 | Disposed | 216597.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-12-02 | Incentive Stock Option | $14.3700 | A | 7155.0000 | Acquired | 2020-12-01 | Common Stock (7155.0000) | Direct |
| 2010-12-02 | Restricted Stock Units | $0.0000 | A | 3255.0000 | Acquired | Common Stock (3255.0000) | Direct | |
| 2010-12-03 | Restricted Stock Units | $ | M | 420.0000 | Disposed | Common Stock (420.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 11200.0000 | Indirect |
| Common Stock | 11200.0000 | Indirect |
| Common Stock | 11200.0000 | Indirect |
| Common Stock | 11200.0000 | Indirect |
| Common Stock | 19178.6900 | Indirect |
| Common Stock | 17400.0000 | Indirect |
Footnotes
F1: On December 3, 2010, 420 of the reporting person's Restricted Stock Units vested, 315 shares of Common Stock were delivered, and 105 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligations.
F2: The information in this report is based on a plan statement dated as of November 15, 2010.
F3: Incentive Stock Options: 20% vested each year for a total of five years - vesting schedule - 12/02/11-20%, 12/02/12-20%, 12/02/13-20%, 12/02/14-20%, 12/02/15-20%
F4: Each Restricted Stock Unit represents the contingent right to receive one share of Daktronics, Inc. common stock.
F5: Restricted Stock Units granted on 12/2/2010 vest 20% each year for five years beginning 12/02/2011. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
F6: Restricted Stock Units granted on 12/3/2009 vest 20% each year for five years beginning 12/03/2010. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.