SEC Form 4 · accession 0000746598-19-000047
BRADY CORP · BRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann Thornton
Officer — Chief Accounting Officer
Period of report
Mar 11, 2019
Accepted (ET)
Mar 12, 2019 · 12:12 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 | Mar 11, 2019 | M | 564 | $27.28 | A | 9,923 | D | |
| Class A Common StockF1 | Mar 11, 2019 | F | 453 | $46.59 | D | 9,470 | D | |
| Class A Common StockF2 | Mar 11, 2019 | M | 1,598 | $19.96 | A | 11,068 | D | |
| Class A Common StockF2 | Mar 11, 2019 | F | 1,163 | $46.59 | D | 9,905 | 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 | $27.28 | Mar 11, 2019 | M | 564 | D | — | Dec 31, 2024 | Class A Common Stock | 564 | 0 | D |
| Stock Option Net ExerciseF3 | $19.96 | Mar 11, 2019 | M | 1,598 | D | — | Sep 25, 2025 | Class A Common Stock | 1,598 | 0 | D |
Explanation of responses
- F1Represents net exercise of stock option. 564 options were exercised, resulting in a net gain of 111 shares (234 gross shares less payroll tax withholding of 123 shares).
- F2Represents net exercise of stock option. 1,598 options were exercised, resulting in a net gain of 435 shares (913 gross shares less payroll tax withholding of 478 shares).
- F3Represents options exercisable one third each year for the three years subsequent to the grant date.