SEC Form 4 · accession 0000746598-17-000162
BRADY CORP · BRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann Thornton
Officer — Chief Accounting Officer
Period of report
Nov 27, 2017
Accepted (ET)
Nov 28, 2017 · 4:53 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 27, 2017 | M | 1,129 | $27.28 | A | 10,349 | D | |
| Class A Common StockF1 | Nov 27, 2017 | F | 953 | $39.00 | D | 9,396 | D | |
| Class A Common StockF2 | Nov 27, 2017 | M | 3,198 | $19.96 | A | 12,594 | D | |
| Class A Common StockF2 | Nov 27, 2017 | F | 2,390 | $39.00 | D | 10,204 | 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 | $27.28 | Nov 27, 2017 | M | 1,129 | D | — | Dec 31, 2024 | Class A Common Stock | 1,129 | 564 | D |
| Stock Option Net ExerciseF3 | $19.96 | Nov 27, 2017 | M | 3,198 | D | — | Sep 25, 2025 | Class A Common Stock | 3,198 | 1,598 | D |
Explanation of responses
- F1Represents net exercise of stock option. 1,129 options were exercised, resulting in a net gain of 176 shares (340 gross shares less payroll tax withholding of 164 shares).
- F2Represents net exercise of stock option. 3,198 options were exercised, resulting in a net gain of 808 shares (1,561 gross shares less payroll tax withholding of 753 shares).
- F3Represents options exercisable one third each year for the three years subsequent to the grant date.