SEC Form 4 · accession 0000746598-18-000039
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
May 29, 2018
Accepted (ET)
May 31, 2018 · 6:27 pm 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 | May 29, 2018 | M | 26,118 | $22.66 | A | 139,348 | D | |
| Class A Common StockF1 | May 29, 2018 | F | 20,293 | $39.13 | D | 119,055 | D | |
| Class A Common StockF2 | May 29, 2018 | M | 60,280 | $19.96 | A | 179,335 | D | |
| Class A Common StockF2 | May 29, 2018 | F | 44,630 | $39.13 | D | 134,705 | D | |
| Class A Common StockF3 | May 29, 2018 | M | 7,144 | $35.14 | A | 141,849 | D | |
| Class A Common StockF3,F4 | May 29, 2018 | F | 6,758 | $39.13 | D | 135,091 | 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 ExerciseF5 | $22.66 | May 29, 2018 | M | 26,118 | D | — | Sep 25, 2024 | Class A Common Stock | 26,118 | 60,943 | D |
| Stock Option Net ExerciseF5 | $19.96 | May 29, 2018 | M | 60,280 | D | — | Sep 25, 2025 | Class A Common Stock | 60,280 | 241,119 | D |
| Stock Option Net ExerciseF5 | $35.14 | May 29, 2018 | M | 7,144 | D | — | Sep 23, 2026 | Class A Common Stock | 7,144 | 100,017 | D |
Explanation of responses
- F1Represents net exercise of stock option. 26,118 options were exercised, resulting in a net gain of 5,825 shares (10,991 gross shares less payroll tax withholding of 5,166 shares).
- F2Represents net exercise of stock option. 60,280 options were exercised, resulting in a net gain of 15,650 shares (29,528 gross shares less payroll tax withholding of 13,878 shares).
- F3Represents net exercise of stock option. 7,144 options were exercised, resulting in a net gain of 386 shares (728 gross shares less payroll tax withholding of 342 shares).
- F4Subsequent to the transaction date, amount of securities beneficially owned by the reporting owner were reduced by 27,218 shares of Class A Common Stock pursuant to a domestic relations order.
- F5Represents options exercisable one third each year for the three years subsequent to the grant date.