Daktronics, Inc.
DAKTRONICS INC /SD/ (Form: 4, Received: 08/25/2017 11:43:59)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Kurtenbach Matthew John
2. Issuer Name and Ticker or Trading Symbol

DAKTRONICS INC /SD/ [ DAKT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP of Manufacturing
(Last)          (First)          (Middle)

201 DAKTRONICS DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

8/23/2017
(Street)

BROOKINGS, SD 57006
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   8/23/2017     M    420   A $0   (1) 190130   D    
Common Stock   8/23/2017     M    600   A $0   (2) 190730   D    
Common Stock   8/23/2017     M    600   A $0   (2) 191330   D    
Common Stock   8/23/2017     M    600   A $0   (2) 191930   D    
Common Stock   8/23/2017     M    600   A $0   (2) 192530   D    
Common Stock   8/23/2017     F    111   D $9.41   192419   D    
Common Stock   8/23/2017     F    158   D $9.41   192261   D    
Common Stock   8/23/2017     F    158   D $9.41   192103   D    
Common Stock   8/23/2017     F    158   D $9.41   191945   D    
Common Stock   8/23/2017     F    158   D $9.41   191787   D    
Common Stock   8/23/2017     A    863   A $0   14072   (3) I   by 401k  
Common Stock                  10900   I   Child A  
Common Stock                  10200   I   Child B  
Common Stock                  10000   I   Child C  
Common Stock                  8000   I   Child D  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units   $0.0   8/23/2017     M         420      (4)   (4) Common Stock   420.0   $0   8400   D    
Restricted Stock Units   $0.0   8/23/2017     M         600      (5)   (5) Common Stock   600.0   $0   7800   D    
Restricted Stock Units   $0.0   8/23/2017     M/K         600      (6)   (6) Common Stock   600.0   $0   7200   D    
Restricted Stock Units   $0.0   8/23/2017     M         600      (7)   (7) Common Stock   600.0   $0   6600   D    
Restricted Stock Units   $0.0   8/23/2017     M         600      (8)   (8) Common Stock   600.0   $0   6000   D    

Explanation of Responses:
(1)  On August 23, 2017, 420 of the reporting persons restricted stock units vested, 309 shares of Common Stock were delivered, and 111 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligation.
(2)  On August 23, 2017, 600 of the reporting persons restricted stock units vested, 442 shares of Common Stock were delivered, and 158 shares of Common Stock were withheld by the Company to satisfy income tax withholding obligation.
(3)  Between December 1, 2016 and August 23, 2017, the reporting person acquired 863 shares of common stock of Daktronics, Inc. under the Daktronics, Inc. 401k Plan.
(4)  Restricted Stock Units granted on 08/23/2012 vest 20% each year for five years beginning on 08/23/2013. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
(5)  Restricted Stock Units granted on 08/22/2013 vest 20% each year for five years beginning on 08/23/2014. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
(6)  Restricted Stock Units granted on 09/04/2014 vest 20% each year for five years beginning on 08/23/2015. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
(7)  Restricted Stock Units granted on 09/03/2015 vest 20% each year for five years beginning on 08/23/2016. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
(8)  Restricted Stock Units granted on 09/01/2016 vest 20% each year for five years beginning on 08/23/2017. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Kurtenbach Matthew John
201 DAKTRONICS DRIVE
BROOKINGS, SD 57006


VP of Manufacturing

Signatures
Matthew J. Kurtenbach 8/25/2017
** 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 4(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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