SEC Form 4 · accession 0001003078-15-000058
MSC INDUSTRIAL DIRECT CO INC · MSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steve Armstrong
Officer — SVP, GC and Corp. Secy.
Period of report
Oct 19, 2015
Accepted (ET)
Oct 21, 2015 · 3:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001003078
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, $0.001 par valueF1 | Oct 19, 2015 | F | 212 | $59.78 | D | 13,029 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (right to buy)F2,F3 | $58.90 | Oct 19, 2015 | A | 22,584 | A | — | Oct 18, 2022 | Class A Common Stock, $0.001 par value | 22,584 | 22,584 | D |
| Restricted Stock UnitF4,F5 | — | Oct 19, 2015 | A | 3,763 | A | — | — | Class A Common Stock, $0.001 par value | 3,763 | 3,763 | D |
Explanation of responses
- F1Disposition of common stock to the Issuer solely to cover tax withholding obligations arising from the vesting of the previous grant of restricted shares.
- F2Represents options to purchase the Issuer's Class A Common Stock, $0.001 par value ("Common Stock").
- F3An option to purchase 22,584 shares of the Issuer's Common Stock was issued to the Reporting Person under the Issuer's 2015 Omnibus Incentive Plan. 5,646 shares of Common Stock become exercisable on each of October 19, 2016, October 19, 2017, October 19, 2018 and October 19, 2019.
- F4Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F5752 of these RSUs will vest on each of October 19, 2016 and October 19, 2017 and 753 of these RSUs will vest on each of October 19, 2018, October 19, 2019 and October 19, 2020, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting.