SEC Form 4 · accession 0001003078-17-000232
MSC INDUSTRIAL DIRECT CO INC · MSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Erik Gershwind
Officer — President and CEO · Director
Period of report
Oct 20, 2017
Accepted (ET)
Oct 24, 2017 · 5:45 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 | $79.60 | Oct 20, 2017 | A | 73,469 | A | — | Oct 19, 2024 | Class A Common Stock, $0.001 par value | 73,469 | 73,469 | D |
| Restricted Stock UnitF3,F4 | — | Oct 20, 2017 | A | 13,819 | A | — | — | Class A Common Stock, $0.001 par value | 13,819 | 13,819 | 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 73,469 shares of the Issuer's Common Stock was issued to the Reporting Person under the Issuer's 2005 Omnibus Incentive Plan. 18,367 shares of Common Stock become exercisable on each of October 20, 2018, October 20, 2019, and October 20, 2020, and 18,368 shares of Common Stock become exercisable on October 20, 2021.
- F3Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F42,763 of 13,819 RSUs granted on October 20, 2017 will vest on October 20, 2018, and 2,764 will vest on each of October 20, 2019, October 20, 2020, October 20, 2021, and October 20, 2022, 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.