SEC Form 4 · accession 0001003078-17-000292
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 26, 2017
Accepted (ET)
Oct 30, 2017 · 7:39 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 26, 2017 | M | 2,313 | $0.00 | A | 117,837 | D | |
| Class A Common Stock, $0.001 Par ValueF2 | Oct 26, 2017 | M | 49 | $0.00 | A | 117,885 | 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 Units (RSU)F1,F3 | — | Oct 26, 2017 | M | 2,313 | A | — | — | Class A Common Stock, $0.001 Par Value | 2,313 | 31,476 | D |
| Dividend Equivalent units (DEU)F2 | — | Oct 26, 2017 | M | 49 | A | — | — | Class A Common Stock, $0.001 Par Value | 49 | 593 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2The dividend equivalent units accrued with respect to an outstanding award of restricted stock units (RSUs) and vest at the same time(s) as the underlying RSUs. Each dividend equivalent unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F32,313 of 11,566 RSUs granted on October 26, 2016 have vested on October 26, 2017, and will vest on each of October 26, 2018, October 26, 2019, October 26, 2020, and 2,314 of these RSUs will vest on October 26, 2021, 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.