SEC Form 4 · accession 0001003078-17-000246
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
Oct 20, 2017
Accepted (ET)
Oct 24, 2017 · 6:34 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,F2 | Oct 22, 2017 | F | 265 | $79.60 | D | 7,166 | 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 UnitF3,F4 | — | Oct 20, 2017 | A | 1,831 | A | — | — | Class A Common Stock, $0.001 par value | 1,831 | 1,831 | D |
| Options (right to buy)F5,F6 | $79.60 | Oct 20, 2017 | A | 9,734 | A | — | Oct 19, 2024 | Class A Common Stock, $0.001 par value | 9,734 | 9,734 | 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.
- F2Includes shares acquired under the company's Associate Stock Purchase Plan.
- F3Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F4366 of 1,831 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 367 RSUs 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.
- F5Represents options to purchase the Issuer's Class A Common Stock, $0.001 par value ("Common Stock").
- F6An option to purchase 9,734 shares of the Issuer's Common Stock was issued to the Reporting Person under the Issuer's 2005 Omnibus Incentive Plan. 2,433 shares of Common Stock become exercisable on each of October 20, 2018, and October 20, 2019, and 2,434 shares of Common Stock become exercisable on each of October 20, 2020, and October 20, 2021.