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* Anderson Sheila Mae (Last) (First) (Middle) 331 32ND AVENUE POST OFFICE BOX 5128 (Street) BROOKINGS SD 57006 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/12/2012	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) Treasurer/CFO	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)
Common Stock	1,193.94	D
Common Stock	3,285.2354(1)	I	By 401k

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
Incentive Stock Option	(2)	12/03/2018	Common Stock	3,500	8.29	D
Incentive Stock Option	(3)	12/02/2019	Common Stock	3,500	8.65	D
Incentive Stock Option	(4)	11/19/2013	Common Stock	1,200	8.85	D
Incentive Stock Option	(5)	11/30/2021	Common Stock	4,000	9.24	D
Incentive Stock Option	(6)	08/22/2022	Common Stock	4,000	9.51	D
Incentive Stock Option	(7)	11/22/2014	Common Stock	1,200	12.835	D
Incentive Stock Option	(8)	11/16/2015	Common Stock	2,000	13.595	D
Incentive Stock Option	(9)	12/01/2020	Common Stock	2,445	14.37	D
Incentive Stock Option	(10)	11/14/2017	Common Stock	4,000	20.07	D
Incentive Stock Option	(11)	11/15/2016	Common Stock	2,500	34.065	D
Restricted Stock Units	(12)	(12)	Common Stock	420	0.0000(13)	D
Restricted Stock Units	(14)	(14)	Common Stock	392	0.0001(13)	D
Restricted Stock Units	(15)	(15)	Common Stock	800	0.0002(13)	D
Restricted Stock Units	(16)	(16)	Common Stock	800	0.0003(13)	D

Explanation of Responses:

1. The information in this report is based on a plan statement dated as of September 11, 2012.

2. 20% vested each year for a total of five years - Remaining vesting schedule - 12/04/2009- 20%, 12/04/2010-20%, 12/04/2011-20%, 12/04/2012-20%, 12/04/2013-20%

3. Incentive Stock Options: 20% vested each year for a total of five years - vesting schedule - 12/03/2010- 20%, 12/03/2011-20%, 12/03/2012-20%, 12/03/2013-20%, 12/03/2014-20%

4. 20% vested each year for a total of 5 years - Vesting schedule- 11/19/04 - 20%, 11/19/05- 20%, 11/19/06 - 20%, 11/19/07 - 20%, 11/19/08 - 20%

5. Incentive Stock Options: 20% vested each year for a total of five years - vesting schedule: 12/1/12-20%; 12/1/13-20%; 12/1/14-20%; 12/1/15-20%; 12/1/16-20%

6. 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%

7. 20% vested each year for a total of five years - Remaining vesting schedule - 11/23/05- 20%, 11/23/06-20%, 11/23/07-20%, 11/23/08-20%, 11/23/09-20%

8. 20% vested each year for a total of five years - Remaining vesting schedule - 11/17/06- 20%, 11/17/07-20%, 11/17/08-20%, 11/17/09-20%, 11/17/10-20%

9. 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%

10. 20% vested each year for a total of five years - Remaining vesting schedule - 11/15/2008- 20%, 11/15/2009-20%, 11/15/2010-20%, 11/15/2011-20%, 11/15/2012-20%

11. 20% vested each year for a total of five years - Remaining vesting schedule - 11/16/2007- 20%, 11/16/2008-20%, 11/16/2009-20%, 11/16/2010-20%, 11/16/2011-20%

12. 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.

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

14. 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.

15. Restricted Stock Units granted on 12/1/2011 vest 20% each year for five years beginning 12/1/2012. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

16. 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.

	/s/ Sheila M Anderson	09/14/2012
	** 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).
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