SEC Form 4 · accession 0001127602-17-023561
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
Jul 11, 2017
Accepted (ET)
Jul 13, 2017 · 8:50 am 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 Stock | Jul 11, 2017 | S | 800 | $104.6207 | D | 26,379 | D | |
| Common Stock | Jul 11, 2017 | S | 200 | $104.645 | D | 26,179 | D | |
| Common StockF1 | Jul 11, 2017 | M | 8,600 | $104.33 | A | 34,779 | D | |
| Common StockF1,F2 | Jul 11, 2017 | D | 6,952 | $104.33 | D | 27,827 | 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 OptionF3 | $21.13 | Jul 11, 2017 | M | 8,600 | D | Mar 23, 2013 | Mar 23, 2019 | Common Stock | 8,600 | 3,342 | 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: 23,042, unvested RSUs: 4,785.
- F3Maximum value option ("MVO") granted on 03/23/2009 with an exercise price of $21.13 under the Amended and Restated 2000 Equity Incentive Plan of Tech Data Corporation, as amended of which 25% is exercisable on 3/23/2010 and on each subsequent anniversary. Each MVO is granted with a predetermined cap on the exercise spread.