SEC Form 4 · accession 0000109563-16-000276
APPLIED INDUSTRIAL TECHNOLOGIES INC · AIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fred D Bauer
Officer — VP-General Counsel & Secretary
Period of report
Aug 11, 2016
Accepted (ET)
Aug 15, 2016 · 1:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000109563
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 11, 2016 | A | 1,077 | $0.00 | A | 82,359 | D | |
| Common StockF2 | Aug 11, 2016 | A | 1,900 | $0.00 | A | 84,259 | D | |
| Common StockF3 | Aug 11, 2016 | F | 588 | $48.19 | D | 83,671 | D | |
| Common StockF4 | Aug 13, 2016 | F | 658 | $45.79 | D | 83,013 | D | |
| Common Stock | holding | — | — | — | 4,130 | I | Retirement Savings Plan | |
| Common Stock | holding | — | — | — | 85 | I | Supplemental Defined Contribution Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF5 | $48.19 | Aug 11, 2016 | A | 13,200 | A | Aug 11, 2017 | Aug 11, 2026 | Common Stock | 13,200 | 13,200 | D |
Explanation of responses
- F1Performance shares "banked" as a result of 2016 performance. Performance shares vest at end of three-year program and are settled in shares of Applied common stock.
- F2Restricted stock units that vest three years from the date of grant and are settled in shares of Applied common stock.
- F3Shares withheld by Registrant to satisfy tax withholding obligations on vesting of performance shares.
- F4Shares withheld by Registrant to satisfy tax withholding obligations on vesting of restricted stock units.
- F5Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.