SEC Form 4 · accession 0000746598-17-000112
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
Sep 22, 2017
Accepted (ET)
Sep 26, 2017 · 10:10 am 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 22, 2017 | A | 22,615 | $0.00 | A | 129,355 | D | |
| Class A Common StockF2 | Sep 23, 2017 | F | 3,811 | $36.85 | D | 125,544 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $36.85 | Sep 22, 2017 | A | 96,792 | A | — | Sep 22, 2027 | Class A Common Stock | 96,792 | 96,792 | 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 7,905 restricted stock units that vested on September 23, 2017.
- F3Represents options exercisable one third each year for the three years subsequent to the grant date.