SEC Form 4 · accession 0001003078-17-000043
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
Jan 26, 2017
Accepted (ET)
Jan 27, 2017 · 2:16 pm 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 26, 2017 | M | 10,641 | $54.52 | A | 17,564 | D | |
| Class A Common Stock, $0.001 par valueF1,F2 | Jan 26, 2017 | S | 10,641 | $103.51 | D | 6,923 | 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)F3,F4 | $54.52 | Jan 26, 2017 | M | 10,641 | D | — | Oct 18, 2017 | Class A Common Stock, $0.001 par value | 10,641 | 0 | D |
Explanation of responses
- F1Represents the sale of 10,641 shares in 98 separate transactions, ranging from $103.335 to $103.75 per share, resulting in a weighted average sale price per share of $103.5139. 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.
- F2Includes shares acquired under the company's Associate Stock Purchase Plan.
- F3Represents options to purchase the Issuer's Class A Common Stock, $0.001 par value ("Common Stock").
- F4An option to purchase 10,641 shares of the Issuer's Common Stock was issued to the Reporting Person under the Issuer's 2005 Omnibus Incentive Plan. 2,660 shares of Common Stock became exercisable on each of October 19, 2011, October 19, 2012, October 19, 2013 and 2,661 shares of Common Stock became exercisable on October 19, 2014.