SEC Form 4 · accession 0000746598-19-000039
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
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 3:28 pm 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,F2 | Feb 26, 2019 | M | 10,943 | $22.66 | A | 105,135 | D | |
| Class A Common StockF1 | Feb 26, 2019 | F | 7,876 | $48.06 | D | 97,259 | D | |
| Class A Common StockF3 | Feb 26, 2019 | M | 60,280 | $19.96 | A | 157,539 | D | |
| Class A Common StockF3 | Feb 26, 2019 | F | 41,609 | $48.03 | D | 115,930 | 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 | $22.66 | Feb 26, 2019 | M | 10,943 | D | — | Sep 25, 2024 | Class A Common Stock | 10,943 | 0 | D |
| Stock Option Net ExerciseF4 | $19.96 | Feb 26, 2019 | M | 60,280 | D | — | Sep 25, 2025 | Class A Common Stock | 60,280 | 180,839 | D |
Explanation of responses
- F1Represents net exercise of stock option. 10,943 options were exercised, resulting in a net gain of 3,067 shares (5,783 gross shares less payroll tax withholding of 2,716 shares).
- F2Prior to the transaction date, amount of securities beneficially owned by the reporting owner were reduced by 3,624 shares of Class A Common Stock pursuant to a domestic relations order.
- F3Represents net exercise of stock option. 60,280 options were exercised, resulting in a net gain of 18,671 shares (35,229 gross shares less payroll tax withholding of 16,558 shares).
- F4Represents options exercisable one third each year for the three years subsequent to the grant date.