DAKTRONICS INC /SD/ — Director's Dealing 2012

Aug 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAKTRONICS INC /SD/ (DAKT)
CIK: 0000915779
Period of Report: 2012-08-23

Reporting Person: MORGAN JAMES B (Director, CEO & President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-23	Incentive Stock Option	$9.5100	A	11350.0000	Acquired	2022-08-22	Common Stock (11350.0000)	Direct
2012-08-23	Restricted Stock Units	$0.0002	A	2270.0000	Acquired		Common Stock (2270.0000)	Direct

Footnotes

F1: Incentive Stock Options: 20% vested each year for a total of five years - vesting schedule: 8/23/13-20%; 8/23/14-20%; 8/23/15-20%; 8/23/16-20%; 8/23/17-20%

F2: Each Restricted Stock Unit represents the contingent right to receive one share of Daktroics, Inc. common stock.

F3: Restricted Stock Units granted on 8/23/2012 vest 20% each year for five years beginning on 8/23/2013. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.