SEC Form 4 · accession 0000746598-16-000361
BRADY CORP · BRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Michael Nauman
Officer — President & CEO · Director
Period of report
Nov 28, 2016
Accepted (ET)
Nov 29, 2016 · 2:41 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 28, 2016 | M | 43,531 | $22.66 | A | 178,880 | D | |
| Class A Common StockF1 | Nov 28, 2016 | F | 34,595 | $37.68 | D | 144,285 | 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 ExerciseF2 | $22.66 | Nov 28, 2016 | M | 43,531 | D | — | Sep 25, 2024 | Class A Common Stock | 43,531 | 87,061 | D |
Explanation of responses
- F1Represents net exercise of stock option. 43,531 options were exercised, resulting in a net gain of 8,936 shares (17,352 gross shares less payroll tax withholding of 8,416 shares).
- F2Represents options exercisable one third each year for the three years subsequent to the grant date.