SEC Form 4 · accession 0001003078-15-000068
MSC INDUSTRIAL DIRECT CO INC · MSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Erik Gershwind
Officer — President and CEO · Director
Period of report
Oct 19, 2015
Accepted (ET)
Oct 21, 2015 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001003078
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $58.90 | Oct 19, 2015 | A | 84,059 | A | — | Oct 18, 2022 | Class A Common Stock, $0.001 par value | 84,059 | 84,059 | D |
| Restricted Stock UnitF3,F4 | — | Oct 19, 2015 | A | 14,006 | A | — | — | Class A Common Stock, $0.001 par value | 14,006 | 14,006 | D |
Explanation of responses
- F1Represents options to purchase the Issuer's Class A Common Stock, $0.001 par value ("Common Stock").
- F2An option to purchase 84,059 shares of the Issuer's Common Stock was issued to the Reporting Person under the Issuer's 2015 Omnibus Incentive Plan. 21,014 shares of Common Stock become exercisable on October 19, 2016 and 21,015 shares of Common Stock become exercisable on October 19, 2017, October 19, 2018 and October 19, 2019.
- F3Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F42,801 of these RSUs will vest on each of October 19, 2016, October 19, 2017, October 19, 2018, October 19, 2019 and 2,802 of these RSUs will vest on 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.