SEC Form 4 · accession 0000746598-16-000355
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
Nov 18, 2016
Accepted (ET)
Nov 21, 2016 · 4:19 pm EST
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 | Nov 18, 2016 | M | 13,786 | $22.66 | A | 31,844 | D | |
| Class A Common StockF1 | Nov 18, 2016 | F | 11,010 | $37.21 | D | 20,834 | D | |
| Class A Common StockF2 | Nov 18, 2016 | M | 11,132 | $19.96 | A | 31,966 | D | |
| Class A Common StockF2 | Nov 18, 2016 | F | 8,474 | $37.21 | D | 23,492 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option Net ExerciseF3 | $22.66 | Nov 18, 2016 | M | 13,786 | D | — | Sep 25, 2024 | Class A Common Stock | 13,786 | 6,892 | D |
| Stock Option Net ExerciseF3 | $19.96 | Nov 18, 2016 | M | 11,132 | D | — | Sep 25, 2025 | Class A Common Stock | 11,132 | 22,262 | D |
Explanation of responses
- F1Represents net exercise of stock option. 13,786 options were exercised, resulting in a net gain of 2,776 shares (5,391 gross shares less payroll tax withholding of 2,615 shares).
- F2Represents net exercise of stock option. 11,132 options were exercised, resulting in a net gain of 2,658 shares (5,161 gross shares less payroll tax withholding of 2,503 shares).
- F3Represents options exercisable one third each year for the three years subsequent to the grant date.