SEC Form 4 · accession 0001593968-18-001199
RBC Bearings INC · RBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Hartnett
Officer — President and CEO · Director
Period of report
Sep 7, 2018
Accepted (ET)
Sep 11, 2018 · 6:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001324948
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Sep 7, 2018 | M | 15,978 | $51.08 | A | 389,790 | D | |
| Common StockF1,F2,F3 | Sep 7, 2018 | S | 15,978 | $153.9948 | D | 373,812 | D | |
| Common StockF1,F2,F3 | Sep 10, 2018 | M | 4,022 | $51.08 | A | 377,834 | D | |
| Common StockF1,F2,F3 | Sep 10, 2018 | S | 4,022 | $154.0366 | D | 373,812 | D | |
| Common StockF1,F2,F3 | Sep 10, 2018 | M | 1,478 | $64.15 | A | 375,290 | D | |
| Common StockF1,F2,F3 | Sep 10, 2018 | S | 1,478 | $154.0366 | D | 373,812 | D | |
| Common StockF1,F2,F3 | Sep 11, 2018 | M | 10,045 | $64.15 | A | 383,857 | D | |
| Common StockF1,F2,F3 | Sep 11, 2018 | S | 10,045 | $152.7669 | D | 373,812 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF4 | $51.08 | Sep 7, 2018 | M | 15,978 | D | Jun 14, 2014 | Jun 14, 2020 | Common Stock | 15,978 | 4,022 | D |
| Option to Purchase Common StockF4 | $51.08 | Sep 10, 2018 | M | 4,022 | D | Jun 14, 2014 | Jun 14, 2020 | Common Stock | 4,022 | 0 | D |
| Option to Purchase Common StockF5 | $64.15 | Sep 10, 2018 | M | 1,478 | D | Jul 1, 2015 | Jul 1, 2021 | Common Stock | 1,478 | 38,522 | D |
| Option to Purchase Common StockF5 | $64.15 | Sep 11, 2018 | M | 10,045 | D | Jul 1, 2015 | Jul 1, 2021 | Common Stock | 10,045 | 28,477 | D |
| Option to Purchase Common StockF6 | $72.83 | holding | — | — | — | Jul 1, 2016 | Jul 1, 2022 | Common Stock | 48,000 | 48,000 | D |
| Option to Purchase Common StockF7 | $72.94 | holding | — | — | — | Jul 8, 2017 | Jul 8, 2023 | Common Stock | 80,000 | 80,000 | D |
| Option to Purchase Common stockF8 | $99.64 | holding | — | — | — | Jun 27, 2018 | Jun 27, 2024 | Common Stock | 80,000 | 80,000 | D |
| Option to Purchase Common StockF9 | $132.12 | holding | — | — | — | Jun 7, 2019 | Jun 7, 2025 | Common Stock | 76,000 | 76,000 | D |
Explanation of responses
- F116,783 shares of the reported Common Stock are Restricted Shares. The Restrictions lapse on 7/8/2019. Unvested shares of Restricted Stock (i) may be immediately forfeited to the Company at the time the grantee ceases to be an officer or employee of, or otherwise perform services for, the Company or its subsidiaries under certain circumstances or (ii) may lapse upon the happening of certain events.
- F226,133 shares of the reported Common Stock are Restricted Shares. The Restrictions lapse in accordance with the following schedule 1/2 vest on 6/27/2019 and 1/2 vest on 6/27/2020. Unvested shares of Restricted Stock (i) may be immediately forfeited to the Company at the time the grantee ceases to be an officer or employee of, or otherwise perform services for, the Company or its subsidiaries under certain circumstances or (ii) may lapse upon the happening of certain events.
- F352,040 shares of the reported Common Stock are Restricted Shares. 1/3 vest on 6/7/2019, 1/3 vest on 6/7/2020 and 1/3 vest on 6/7/2021. Unvested shares of Restricted Stock (i)may be immediately forfeited to the Company at the time the grantee ceases to be an officer or employee of, or otherwise perform services for, the company or its subsidiaries under certain circumstances or (ii) may lapse upon the happening of certain events.
- F4Options to purchase shares of Common Stock expire 7 years from grant date.
- F5Options to purchase shares of Common Stock vest on 7/1/2019. Options expire 7 years from grant date.
- F6Options to purchase shares of Common Stock are subject to the following vesting schedule - 1/2 vest on 7/1/2019 and 1/2 vest on 7/1/2020. Options expire 7 years from grant date.
- F7Options to purchase shares of Common Stock are subject to the following vesting schedule - 1/3 vest on 7/8/2019, 1/3 vest on 7/8/2020 and 1/3 vest on 7/8/2021. Options expire 7 years from grant date.
- F8Options to purchase shares of Common Stock are subject to the following vesting schedule - 1/4 vest on 6/27/2019, 1/4 vest on 6/27/2020, 1/4 vest on 6/27/2021 and 1/4 vest on 6/27/2022. Options expire 7 years from grant date.
- F9Options to purchase shares of Common Stock are subject to the following vesting schedule - 1/5 vest on 6/7/2019, 1/5 vest on 6/7/2020, 1/5 vest on 6/7/2021, 1/5 vest on 6/7/2022 and 1/5 vest on 6/7/2023. Options expire 7 years from grant date.