SEC Form 4 · accession 0001003078-16-000315
MSC INDUSTRIAL DIRECT CO INC · MSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kari D Heerdt
Officer — SVP, Chief People Officer
Period of report
Oct 19, 2016
Accepted (ET)
Oct 21, 2016 · 1:45 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, 2016 | M | 653 | $0.00 | A | 4,153 | D | |
| Class A Common Stock, $0.001 par valueF2 | Oct 19, 2016 | M | 17 | $0.00 | A | 4,170 | D | |
| Class A Common Stock, $0.001 par valueF3 | Oct 19, 2016 | F | 223 | $71.04 | A | 3,947 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSU)F1,F4 | — | Oct 19, 2016 | M | 653 | D | — | — | Class A Common Stock, $0.001 par value | 653 | 2,615 | D |
| Dividend Equivalent Units (DEU)F2 | — | Oct 19, 2016 | M | 17 | D | — | — | Class A Common Stock, $0.001 par value | 17 | 68 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2The dividend equivalent units accrued with respect to an outstanding award of RSUs and vest at the same time(s) as the underlying RSUs. Each dividend equivalent unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3Disposition of Class A Common Stock to the Issuer solely to cover tax withholding obligations arising from the vesting of RSUs and DEUs.
- F4653 of 3,268 RSUs granted on October 19, 2015 vest on each of October 19, 2016 and October 19, 2017 and 654 of these RSUs 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.