SEC Form 4 · accession 0001003078-17-000240
MSC INDUSTRIAL DIRECT CO INC · MSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Davanzo
Officer — SVP, Finance and Controller
Period of report
Oct 20, 2017
Accepted (ET)
Oct 24, 2017 · 6:16 pm EDT
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 valueF1 | Oct 22, 2017 | F | 212 | $79.60 | D | 6,551 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | Oct 20, 2017 | A | 1,451 | A | — | — | Class A Common Stock, $0.001 par value | 1,451 | 1,451 | D |
| Options (right to buy)F4,F5 | $79.60 | Oct 20, 2017 | A | 7,714 | A | — | Oct 19, 2024 | Class A Common Stock, $0.001 par value | 7,714 | 7,714 | D |
Explanation of responses
- F1Disposition of Class A Common Stock to the Issuer solely to cover tax withholding obligations arising from the vesting of the previous grant of restricted shares.
- F2Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3290 of 1,451 RSUs granted on October 20, 2017 will vest on each of October 20, 2018, October 20, 2019, October 20, 2020, and October 20, 2021, and 291 will vest on 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.
- F4Represents options to purchase the Issuer's Class A Common Stock, $0.001 par value ("Common Stock").
- F5An option to purchase 7,714 shares of the Issuer's Common Stock was issued to the Reporting Person under the Issuer's 2005 Omnibus Incentive Plan. 1,928 shares of Common Stock become exercisable on each of October 20, 2018, October 20, 2019, and 1,929 shares of Common Stock become exercisable on each of October 20, 2020, and October 20, 2021.