SEC Form 4 · accession 0001127602-16-045710
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
Mar 7, 2016
Accepted (ET)
Mar 9, 2016 · 4:08 pm EST
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 | Mar 7, 2016 | M | 11,400 | $77.70 | A | 39,033 | D | |
| Common StockF1,F2 | Mar 7, 2016 | D | 8,466 | $77.70 | D | 30,567 | 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 | Mar 7, 2016 | M | 11,400 | D | Mar 29, 2010 | Mar 29, 2016 | Common Stock | 11,400 | 0 | D |
Explanation of responses
- F1The market value of Tech Data stock on the date of exercise exceeded the award'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: 23,505, 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.