SEC Form 4 · accession 0001003078-17-000100
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
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 8:53 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 | Feb 17, 2017 | M | 4,903 | $58.90 | A | 8,961 | D | |
| Class A Common Stock, $0.001 par valueF1,F2 | Feb 17, 2017 | S | 3,563 | $104.42 | D | 5,398 | 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 | $58.90 | Feb 17, 2017 | M | 4,903 | D | — | Oct 18, 2022 | Class A Common Stock, $0.001 par value | 4,903 | 14,710 | D |
Explanation of responses
- F1Represents the sale of 3,563 shares in 15 separate transactions, ranging from $104.41 to $104.44 per share, resulting in a weighted average sale price per share of $104.42. 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 19,613 shares of the Issuer's Common Stock was issued to the Reporting Person under the Issuer's 2015 Omnibus Equity Plan. 4,903 shares of Common Stock became exercisable on October 19, 2016. An additional 4,903 shares of Common Stock become exercisable on each of October 19, 2017, October 19, 2018 and 4,904 on October 19, 2019.