SEC Form 4 · accession 0000746598-18-000041
BRADY CORP · BRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis T Bolognini
Officer — SR VP - GENERAL COUNSEL
Period of report
Jun 6, 2018
Accepted (ET)
Jun 7, 2018 · 3:08 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 | Jun 6, 2018 | M | 11,131 | $19.96 | A | 34,746 | D | |
| Class A Common StockF1 | Jun 6, 2018 | F | 8,152 | $40.23 | D | 26,594 | 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 ExerciseF2 | $19.96 | Jun 6, 2018 | M | 11,131 | D | — | Sep 25, 2025 | Class A Common Stock | 11,131 | 11,131 | D |
Explanation of responses
- F1Represents net exercise of stock option. 11,131 options were exercised, resulting in a net gain of 2,979 shares (5,607 gross shares less payroll tax withholding of 2,628 shares).
- F2Represents options exercisable one third each year for the three years subsequent to the grant date.