SEC Form 4 · accession 0001003078-18-000294
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 26, 2018
Accepted (ET)
Oct 30, 2018 · 6:21 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 | 452 | $0.00 | A | 8,216 | D | |
| Class A Common Stock, $0.001 par valueF3,F2 | Oct 26, 2018 | M | 21 | $0.00 | A | 8,237 | D | |
| Class A Common Stock, $0.001 par valueF4,F2 | Oct 26, 2018 | F | 161 | $76.83 | D | 8,076 | 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 | 452 | D | — | — | Class A Common Stock, $0.001 par value | 452 | 5,562 | D |
| Dividend Equivalent Units (DEU)F3 | — | Oct 26, 2018 | M | 21 | D | — | — | Class A Common Stock, $0.001 par value | 21 | 176 | 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.
- F5451 of 2,259 RSUs granted on October 26, 2016, vested on October 26, 2017. 452 RSUs vested October 26, 2018, and 452 RSUs vest on each of October 26, 2019, October 26, 2020 and 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.