SEC Form 4 · accession 0000109563-18-000109
APPLIED INDUSTRIAL TECHNOLOGIES INC · AIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Warren E Hoffner III
Officer — VP-General Mgr, Fluid Power
Period of report
Aug 9, 2018
Accepted (ET)
Aug 13, 2018 · 2:47 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 | 3,555 | $0.00 | A | 16,745 | D | |
| Common StockF2 | Aug 9, 2018 | A | 1,100 | $0.00 | A | 17,845 | D | |
| Common StockF3 | Aug 9, 2018 | F | 864 | $74.55 | D | 16,981 | D | |
| Common StockF4 | Aug 9, 2018 | F | 589 | $72.20 | D | 16,392 | D | |
| Common Stock | holding | — | — | — | 411 | 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 | 5,400 | A | Aug 9, 2019 | Aug 9, 2028 | Common Stock | 5,400 | 5,400 | 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.