SEC Form 4 · accession 0000746598-19-000002
BRADY CORP · BRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Felmer
Officer — SRVP & Pres., Workplace Safety
Period of report
Jan 10, 2019
Accepted (ET)
Jan 14, 2019 · 10:52 am EST
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 | Dec 12, 2018 | G | 525 | — | D | 52,876 | D | |
| Class A Common StockF2 | Jan 10, 2019 | M | 35,000 | $27.00 | A | 87,876 | D | |
| Class A Common StockF2 | Jan 10, 2019 | F | 27,503 | $45.90 | D | 60,373 | 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 ExerciseF3 | $27.00 | Jan 10, 2019 | M | 35,000 | D | — | Sep 30, 2021 | Class A Common Stock | 35,000 | 0 | D |
Explanation of responses
- F1This transaction represents a charitable donation made by the reporting person. No shares were sold.
- F2Represents net exercise of stock option. 35,000 options were exercised, resulting in a net gain of 7,497 shares (14,411 gross shares less payroll tax withholding of 6,914 shares).
- F3Represents options exercisable one third each year for the three years subsequent to the grant date.