SEC Form 4 · accession 0001003078-16-000184
MSC INDUSTRIAL DIRECT CO INC · MSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Polli
Officer — SVP, PRODUCT MANAGEMENT
Period of report
Apr 15, 2016
Accepted (ET)
Apr 19, 2016 · 10:12 am 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 value | Apr 15, 2016 | M | 12,303 | $44.17 | A | 19,360 | D | |
| Class A Common Stock, $0.001 par valueF1 | Apr 15, 2016 | S | 12,303 | $74.80 | D | 7,057 | 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 | $44.17 | Apr 15, 2016 | M | 12,303 | A | — | Oct 12, 2016 | Class A Common Stock, $0.001 par value | 12,303 | 0 | D |
Explanation of responses
- F1Represents the sale of 12,303 shares in 176 separate transactions, ranging from $74.3200 to $75.4100 per share, resulting in a weighted average sale price per share of $74.7998. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
- F2Represents options to purchase the Issuer's Class A Common Stock, $0.001 par value ("Common Stock").
- F3An option to purchase 12,303 shares of the Issuer's Common Stock was issued to the Reporting Person under the Issuer's 2005 Omnibus Incentive Plan. 3,075 shares of Common Stock became exercisable on October 13, 2010. An additional 3,076 shares of Common Stock became exercisable on each of October 13, 2011, October 13, 2012 and October 23, 2013.