SEC Form 4 · accession 0000746598-18-000096
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 18, 2018
Accepted (ET)
Sep 20, 2018 · 3:12 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 | Sep 18, 2018 | M | 50,000 | $22.66 | A | 128,043 | D | |
| Class A Common StockF1 | Sep 18, 2018 | F | 36,995 | $44.50 | D | 91,048 | D | |
| Class A Common Stock | holding | — | — | — | 50,539 | I | By Self as Trustee for The JMN Living Trust |
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 | $22.66 | Sep 18, 2018 | M | 50,000 | D | — | Sep 25, 2024 | Class A Common Stock | 50,000 | 10,943 | D |
Explanation of responses
- F1Represents net exercise of stock option. 50,000 options were exercised, resulting in a net gain of 13,005 shares (24,538 gross shares less payroll tax withholding of 11,533 shares).
- F2Represents options exercisable one third each year for the three years subsequent to the grant date.