SEC Form 4 · accession 0001127602-15-026093
TECH DATA CORP · TECD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alain Amsellem
Officer — SVP & CFO, Europe
Period of report
Aug 26, 2015
Accepted (ET)
Aug 28, 2015 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000790703
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 26, 2015 | M | 8,600 | $62.42 | A | 40,575 | D | |
| Common StockF1 | Aug 26, 2015 | D | 5,845 | $62.42 | D | 34,730 | D | |
| Common Stock | Aug 27, 2015 | S | 2,191 | $63.7301 | D | 32,539 | D | |
| Common Stock | Aug 27, 2015 | S | 100 | $63.74 | D | 32,439 | D | |
| Common StockF2 | Aug 27, 2015 | S | 100 | $63.7825 | D | 32,339 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Maximum Value OptionF1,F3 | $37.04 | Aug 26, 2015 | M | 8,600 | D | Mar 29, 2010 | Mar 29, 2016 | Common Stock | 8,600 | 11,400 | D |
Explanation of responses
- F1The market value of Tech Data stock on the date of exercise exceeded the awards's $20 maximum cap per share, therefore, in accordance with the grant agreement, the shares exercised were settled in whole shares. The net shares received represent the maximum value.
- F2Direct: 25,277, unvested RSUs: 7,062.
- F3Maximum value option ("MVO") granted on 03/29/2006 with an exercise price of $37.04 under the 2000 Equity Incentive Plan of Tech Data Corporation, as amended of which 25% is exercisable on 3/29/2007 and on each subsequent anniversary. Each MVO is granted with a predetermined cap on the exercise spread.