SEC Form 4 · accession 0001003078-18-000283
MSC INDUSTRIAL DIRECT CO INC · MSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven N Baruch
Officer — EVP, STRATEGY & MARKETING
Period of report
Oct 26, 2018
Accepted (ET)
Oct 30, 2018 · 5:41 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 26, 2018 | M | 350 | $0.00 | A | 5,995 | D | |
| Class A Common Stock, $0.001 par valueF3,F2 | Oct 26, 2018 | M | 17 | $0.00 | A | 6,011 | D | |
| Class A Common Stock, $0.001 par valueF4,F2 | Oct 26, 2018 | F | 111 | $76.83 | D | 5,901 | 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,F5 | — | Oct 26, 2018 | M | 350 | D | — | — | Class A Common Stock, $0.001 par value | 350 | 6,652 | D |
| Dividend Equivalent Units (DEU)F3 | — | Oct 26, 2018 | M | 17 | D | — | — | Class A Common Stock, $0.001 par value | 17 | 163 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one share of Common Stock.
- F2Includes shares acquired under the company's Associate Stock Purchase Plan.
- F3The dividend equivalent units accrued with respect to outstanding awards 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 Common Stock.
- F4Disposition of Class A Common Stock to the Issuer solely to cover tax withholding obligations arising from the vesting of RSUs and DEUs.
- F5350 of 1,751 RSUs granted on October 17, 2018 will vest on each of October 17, 2019, October 17, 2020, October 17, 2021, and October 17, 2022, and 351 RSUs will vest on October 17, 2023, 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.