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DAKTRONICS INC /SD/ Director's Dealing 2013

Aug 27, 2013

32225_dirs_2013-08-27_e4af0ba4-c3da-460f-b480-b67e9d63d755.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: 2013-08-22

Reporting Person: Kurtenbach Reece A (Exec VP of Live Events)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-08-22 Incentive Stock Options $11.05 A 8750.0 Acquired 2023-08-22 Common Stock (8750) Direct
2013-08-22 Restricted Stock Units $0.0 A 3500.0 Acquired Common Stock (3500) Direct

Footnotes

F1: Incentive Stock Options: 20% vested each year for a total of 5 years - vesting schedule: 8/23/2014; 8/23/2015; 8/23/2016; 8/23/2017; 8/23/2018.

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

F3: Restricted Stock Units granted on 8/22/2013 vest 20% each year for five years beginning on 8/23/2014. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.