SEC Form 4 · accession 0001003078-17-000008
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
Jan 12, 2017
Accepted (ET)
Jan 17, 2017 · 11:23 am EST
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 | Jan 12, 2017 | M | 16,371 | $54.52 | A | 28,496 | D | |
| Class A Common Stock, $0.001 par valueF1 | Jan 12, 2017 | S | 16,371 | $98.59 | D | 12,125 | 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 | $54.52 | Jan 12, 2017 | M | 16,371 | D | — | Oct 18, 2017 | Class A Common Stock, $0.001 par value | 16,371 | 0 | D |
Explanation of responses
- F1Represents the sale of 16,371 shares in 129 separate transactions, ranging from $98.02 to $99.405 per share, resulting in a weighted average sale price per share of $98.5879. 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 16,371 shares of the Issuer's Common Stock was issued to the Reporting Person under the Issuer's 2005 Omnibus Incentive Plan. 4,092 shares of Common Stock became exercisable on October 19, 2011 and 4,093 shares of Common Stock became exercisable on each of October 19, 2012, October 19, 2013 and October 19, 2014.