SEC Form 4 · accession 0000746598-17-000027
BRADY CORP · BRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elizabeth P Bruno
Director
Period of report
Feb 27, 2017
Accepted (ET)
Feb 28, 2017 · 1:13 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 Stock | Feb 27, 2017 | M | 6,000 | $20.95 | A | 374,930 | D | |
| Class A Common Stock | Feb 27, 2017 | S | 6,000 | $38.86 | D | 368,930 | D | |
| Class A Common Stock (Trusts benefiting E. Bruno Children)F1,F2 | Feb 27, 2017 | S | 18,000 | $38.86 | D | 52,530 | I | By E. Bruno children's trusts |
| Class A Common Stock (Elizabeth P Pungello Non-Exempt Trust) | holding | — | — | — | 806,296 | I | Beneficiary |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Exercise of Stock OptionF3 | $20.95 | Feb 27, 2017 | M | 6,000 | D | — | Dec 4, 2018 | Class A Common Stock | 6,000 | 0 | D |
Explanation of responses
- F1Three trusts sold 6,000 shares each, totaling 18,000 shares.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.85 to $39.00, inclusive.
- F3Represents options exercisable one third each year for the three years subsequent to the grant date.