SEC Form 4 · accession 0001127602-18-007669
ARROW ELECTRONICS, INC. · ARW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Long
Officer — Chairman, President & CEO · Director
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 11:27 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000007536
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 20, 2018 | A | 73,215 | $81.95 | A | 405,663 | D | |
| Common StockF1 | Feb 20, 2018 | A | 18,304 | $81.95 | A | 423,967 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $81.95 | holding | — | — | — | Feb 20, 2019 | Feb 18, 2028 | Common Stock | 64,858 | 64,858 | D |
Explanation of responses
- F1This award is contingent upon the Company achieving a net income, as adjusted, of greater than zero in the fiscal year of the grant. As a result, it is subject to forfeiture if the Company does not meet that net income amount. This represents a change from the way this type of grant was reported in the past. In prior years, the Reporting Person did not file a Form 4 for this type of grant until after the Company attained a net income, as adjusted, of greater than zero. Restricted Stock Units settle on a one-for-one basis, subject to a graded vesting schedule.