SEC Form 4 · accession 0000109563-18-000105
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 9, 2018
Accepted (ET)
Aug 13, 2018 · 2:45 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 9, 2018 | A | 5,360 | $0.00 | A | 95,515 | D | |
| Common StockF2 | Aug 9, 2018 | A | 1,400 | $0.00 | A | 96,915 | D | |
| Common StockF3 | Aug 9, 2018 | F | 1,556 | $74.55 | D | 95,359 | D | |
| Common StockF4 | Aug 11, 2018 | F | 1,070 | $72.20 | D | 94,289 | D | |
| Common Stock | holding | — | — | — | 20 | I | Retirement Savings 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 | $74.55 | Aug 9, 2018 | A | 6,700 | A | Aug 9, 2019 | Aug 9, 2028 | Common Stock | 6,700 | 6,700 | D |
Explanation of responses
- F1Performance shares "banked" as a result of 2018 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.