SEC Form 4 · accession 0001003078-16-000347
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 26, 2016
Accepted (ET)
Oct 28, 2016 · 4:28 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 | $71.33 | Oct 26, 2016 | A | 21,337 | A | — | Oct 25, 2023 | Class A Common Stock, $0.001 par value | 21,337 | 21,337 | D |
| Restricted Stock UnitF3,F4 | — | Oct 26, 2016 | A | 3,397 | A | — | — | Class A Common Stock, $0.001 par value | 3,397 | 3,397 | 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 21,337 shares of the Issuer's Common Stock was issued to the Reporting Person under the Issuer's 2015 Omnibus Incentive Plan. 5,334 shares of Common Stock become exercisable on each of October 26, 2017, October 26, 2018, October 26, 2019 and 5,335 shares of Common Stock become exercisable on October 26, 2020.
- F3Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F4679 of 3,397 RSUs granted on October 26, 2016 vest on each of October 26, 2017, October 26, 2018, October 26, 2019 and 680 of these RSUs vest on October 26, 2020 and October 26, 2021, 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.