SEC Form 4 · accession 0000746598-16-000365
BRADY CORP · BRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron James Pearce
Officer — SR VP, CFO & Treasurer
Period of report
Dec 12, 2016
Accepted (ET)
Dec 13, 2016 · 4:23 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 | Dec 12, 2016 | M | 5,000 | $38.31 | A | 49,222 | D | |
| Class A Common StockF1 | Dec 12, 2016 | F | 4,946 | $39.13 | D | 44,276 | D | |
| Class A Common StockF2 | Dec 12, 2016 | M | 20,000 | $36.07 | A | 64,276 | D | |
| Class A Common StockF2 | Dec 12, 2016 | F | 19,195 | $39.13 | D | 45,081 | D | |
| Class A Common StockF3 | Dec 12, 2016 | M | 5,000 | $20.95 | A | 50,081 | D | |
| Class A Common StockF3 | Dec 12, 2016 | F | 3,804 | $39.13 | D | 46,277 | D | |
| Class A Common StockF4 | Dec 12, 2016 | M | 7,000 | $28.73 | A | 53,277 | D | |
| Class A Common StockF4 | Dec 12, 2016 | F | 6,042 | $39.13 | D | 47,235 | D | |
| Class A Common StockF5 | Dec 12, 2016 | M | 10,000 | $29.10 | A | 57,235 | D | |
| Class A Common StockF5 | Dec 12, 2016 | F | 8,680 | $39.13 | D | 48,555 | D | |
| Class A Common StockF6 | Dec 12, 2016 | M | 9,000 | $27.00 | A | 57,555 | D | |
| Class A Common StockF6 | Dec 12, 2016 | F | 7,563 | $39.13 | D | 49,992 | 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 ExerciseF7 | $38.31 | Dec 12, 2016 | M | 5,000 | D | — | Dec 4, 2017 | Class A Common Stock | 5,000 | 0 | D |
| Stock Option Net ExerciseF7 | $36.07 | Dec 12, 2016 | M | 20,000 | D | — | Jul 22, 2018 | Class A Common Stock | 20,000 | 0 | D |
| Stock Option Net ExerciseF7 | $20.95 | Dec 12, 2016 | M | 5,000 | D | — | Dec 4, 2018 | Class A Common Stock | 5,000 | 0 | D |
| Stock Option Net ExerciseF7 | $28.73 | Dec 12, 2016 | M | 7,000 | D | — | Sep 25, 2019 | Class A Common Stock | 7,000 | 0 | D |
| Stock Option Net ExerciseF7 | $29.10 | Dec 12, 2016 | M | 10,000 | D | — | Sep 24, 2020 | Class A Common Stock | 10,000 | 0 | D |
| Stock Option Net ExerciseF7 | $27.00 | Dec 12, 2016 | M | 9,000 | D | — | Sep 30, 2021 | Class A Common Stock | 9,000 | 0 | D |
Explanation of responses
- F1Represents net exercise of stock option. 5,000 options were exercised, resulting in a net gain of 54 shares (105 gross shares less payroll tax withholding of 51 shares).
- F2Represents net exercise of stock option. 20,000 options were exercised, resulting in a net gain of 805 shares (1,564 gross shares less payroll tax withholding of 759 shares).
- F3Represents net exercise of stock option. 5,000 options were exercised, resulting in a net gain of 1,196 shares (2,323 gross shares less payroll tax withholding of 1,127 shares).
- F4Represents net exercise of stock option. 7,000 options were exercised, resulting in a net gain of 958 shares (1,860 gross shares less payroll tax withholding of 902 shares).
- F5Represents net exercise of stock option. 10,000 options were exercised, resulting in a net gain of 1,320 shares (2,563 gross shares less payroll tax withholding of 1,243 shares).
- F6Represents net exercise of stock option. 9,000 options were exercised, resulting in a net gain of 1,437 shares (2,790 gross shares less payroll tax withholding of 1,353 shares).
- F7Represents options exercisable one third each year for the three years subsequent to the grant date.