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DAKTRONICS INC /SD/ Director's Dealing 2011

Dec 6, 2011

32225_dirs_2011-12-06_d77f5d15-61fb-450d-b2a8-b3d1f17bab47.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: 2011-12-02

Reporting Person: Kurtenbach Reece A (Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-12-02 Common Stock M 420.0000 Acquired 217017.0000 Direct
2011-12-02 Common Stock M 315.0000 $0.0000 Acquired 217332.0000 Direct
2011-12-02 Common Stock F 78.0000 $9.8600 Disposed 217254.0000 Direct
2011-12-02 Common Stock F 105.0000 $9.8600 Disposed 217149.0000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-12-02 Restricted Stock Units $0.0000 M 315.0000 Disposed Common Stock (315.0000) Direct
2011-12-02 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 20242.6900 Indirect
Common Stock 17400.0000 Indirect

Footnotes

F1: On December 2, 2011, 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: On December 2, 2011, 315 of the reporting person's Restricted Stock Units vested, 237 shares of Common Stock were delivered, and 78 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligations.

F3: The information in this report is based on a plan statement dated as of December 1, 2011.

F4: Restricted Stock Units granted on 12/2/2010 vest 20% each year for five years beginning 12/2/2011. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

F5: Restricted Stock Units granted on 12/3/2009 vest 20% each year for five years beginning on 12/3/2010. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.