SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
Bierschbach Dan J

(Last) (First) (Middle)
331 32ND AVENUE
PO BOX 5128

(Street)
BROOKINGS SD 57006

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
11/17/2005
3. Issuer Name and Ticker or Trading Symbol
DAKTRONICS INC /SD/ [ DAKT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Daktronics, Inc. Zero Par Value Common Stock 21,155(1) D
Daktronics, Inc. Zero Par Value Common Stock 1,530.99(2) I By Daktronics, Inc. 401(K) Plan
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Daktronics, Inc. Incentive Stock Option 11/19/1999(3) 11/18/2008 Daktronics, Inc. Zero Par Value Common Stock 10,000 3.063 D
Daktronics, Inc. Incentive Stock Option 11/18/2000(4) 11/17/2009 Daktronics, Inc. Zero Par Value Common Stock 10,000 5.125 D
Daktronics, Inc. Incentive Stock Option 11/16/2001(5) 11/15/2010 Daktronics, Inc. Zero Par Value Common Stock 9,000 7.656 D
Daktronics, Inc. Incentive Stock Option 11/13/2002(6) 11/12/2011 Daktronics, Inc. Zero Par Value Common Stock 10,000 7.54 D
Daktronics, Inc. Incentive Stock Option 11/21/2003(7) 11/20/2012 Daktronics, Inc. Zero Par Value Common Stock 7,000 11.545 D
Daktronics, Inc. Incentive Stock Option 11/21/2003(7) 11/20/2012 Daktronics, Inc. Zero Par Value Common Stock 6,000 11.545 D
Daktronics, Inc. Incentive Stock Option 2004 11/24/2005 11/22/2014 Daktronics, Inc. Zero Par Value Common Stock 5,000 25.67 D
Explanation of Responses:
1. Shares are held in the name of Bierschbach Living Trust. The shares are held in the trust for the benefit of the reporting person and the reporting person's spouse. Both the reporting person and the reporting person's spouse are the co-trustees of the trust. As co-trustees, they have the right, alone or with the other trustee, to sell, dispose, vote and execute other transactions involving the shares held in the trust.
2. The information in this report is based on a plan statement dated as of 11/15/05.
3. 20% vested each year for a total of five years - Vesting schedule - 11/19/00-99%, 11/19/00-20%, 11/19/01-20%, 11/19/02-20%, 11/19/03-20%
4. 20% vested each year for a total of five years - Vesting schedule - 11/18/00-20, 11/18/01-20%, 11/18/02-20%, 11/18/03-20%, 11/18/04-20%
5. 20% vested each year for a total of five years - Remaining vesting schedule - 11/16/02-20%, 11/16/03-20%, 11/16/04-20%, 11/16/05-20%
6. 20% vested each year for a total of five years - Remaining vesting schedule - 11/13/03-20%, 11/13/04-20%, 11/13/05-20%, 11/13/06-20%
7. 20% vested each year for a total of five years - Remaining vesting schedule - 11/21/04-20%, 11/21/05-20%, 11/21/06-20%, 11/21/07-20%
Remarks:
By: /s/ Dan J. Bierschbach 11/18/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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