SEC Form 4 · accession 0000746598-16-000314
BRADY CORP · BRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis T Bolognini
Officer — SR VP - GENERAL COUNSEL
Period of report
Sep 23, 2016
Accepted (ET)
Sep 27, 2016 · 1:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000746598
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Sep 23, 2016 | A | 3,083 | $0.00 | A | 20,335 | D | |
| Class A Common StockF2 | Sep 25, 2016 | F | 1,015 | $35.14 | D | 19,320 | D | |
| Class A Common StockF3 | Sep 25, 2016 | F | 1,308 | $35.14 | D | 18,012 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4 | $35.14 | Sep 23, 2016 | A | 13,931 | A | — | Sep 23, 2026 | Class A Common Stock | 13,931 | 13,931 | D |
Explanation of responses
- F1Represents restricted stock units which vest one third each year for the three years subsequent to the grant date. Upon vesting, each restricted stock unit will be settled solely by delivery of one share of Class A Common Stock.
- F2Represents shares withheld to cover taxes on 2,105 restricted stock units that vested on September 25, 2016.
- F3Represents shares withheld to cover taxes on 2,714 restricted stock units that vested on September 25, 2016.
- F4Represents options exercisable one third each year for the three years subsequent to the grant date.