SEC Form 4 · accession 0000746598-18-000152
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 26, 2018
Accepted (ET)
Sep 28, 2018 · 11:33 am 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 26, 2018 | M | 15,000 | $19.96 | A | 56,343 | D | |
| Class A Common StockF1 | Sep 26, 2018 | F | 10,637 | $44.25 | D | 45,706 | 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 | Sep 26, 2018 | M | 15,000 | D | — | Sep 25, 2025 | Class A Common Stock | 15,000 | 16,238 | D |
Explanation of responses
- F1Represents net exercise of stock option. 15,000 options were exercised, resulting in a net gain of 4,363 shares (8,233 gross shares less payroll tax withholding of 3,870 shares).
- F2Represents options exercisable one third each year for the three years subsequent to the grant date.