SEC Form 4 · accession 0001127602-19-007395
ARROW ELECTRONICS, INC. · ARW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Kostalnick II
Officer — Chief Supply Chain Officer
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 12:06 pm 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 19, 2019 | A | 2,468 | $81.05 | A | 15,248 | D | |
| Common StockF2 | Feb 20, 2019 | S | 1,250 | $81.99 | D | 13,998 | 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) | $81.05 | Feb 19, 2019 | A | 8,819 | A | Feb 19, 2020 | Feb 16, 2029 | Common Stock | 8,819 | 8,819 | 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.
- F2The price reported in column 4 is an average weighted price. These shares were sold in multiple transactions at prices ranging from $81.98 to $82.00.