SEC Form 4 · accession 0000746598-18-000108
BRADY CORP · BRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell Shaller
Officer — SRVP & Pres., Ident Solns
Period of report
Sep 21, 2018
Accepted (ET)
Sep 24, 2018 · 3:22 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 21, 2018 | M | 15,000 | $19.96 | A | 50,330 | D | |
| Class A Common StockF1 | Sep 21, 2018 | F | 10,553 | $45.30 | D | 39,777 | D | |
| Class A Common StockF2 | Sep 22, 2018 | F | 779 | $44.80 | D | 38,998 | D | |
| Class A Common StockF3 | Sep 23, 2018 | F | 817 | $44.80 | D | 38,181 | 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 ExerciseF4 | $19.96 | Sep 21, 2018 | M | 15,000 | D | — | Sep 25, 2025 | Class A Common Stock | 15,000 | 31,238 | D |
Explanation of responses
- F1Represents net exercise of stock option. 15,000 options were exercised, resulting in a net gain of 4,447 shares (8,391 gross shares less payroll tax withholding of 3,944 shares).
- F2Represents shares withheld to cover taxes on 1,659 restricted stock units that vested on September 22, 2018.
- F3Represents shares withheld to cover taxes on 1,739 restricted stock units that vested on September 23, 2018.
- F4Represents options exercisable one third each year for the three years subsequent to the grant date.