SEC Form 4 · accession 0001179110-16-018852
FASTENAL CO · FAST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel L Florness
Officer — CEO and President · Director
Period of report
Feb 5, 2016
Accepted (ET)
Feb 9, 2016 · 5:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000815556
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 5, 2016 | M | 60,000 | $22.50 | A | 101,845 | D | |
| Common Stock | Feb 5, 2016 | S | 60,000 | $43.166 | D | 41,845 | D | |
| Common Stock | Feb 9, 2016 | M | 30,000 | $43.51 | A | 71,845 | D | |
| Common StockF4 | holding | — | — | — | 3,828 | 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)F1 | $22.50 | Feb 5, 2016 | M | 60,000 | D | — | May 31, 2016 | Common Stock | 60,000 | 140,000 | D |
| Employee Stock Option (Right to Buy)F1 | $22.50 | Feb 9, 2016 | M | 30,000 | D | — | May 31, 2016 | Common Stock | 30,000 | 110,000 | D |
| Employee Stock Option (Right to Buy)F1 | $54.00 | holding | — | — | — | — | May 31, 2021 | Common Stock | 50,000 | 50,000 | D |
| Employee Stock Option (Right to Buy)F2 | $42.00 | holding | — | — | — | — | May 31, 2024 | Common Stock | 19,047 | 19,047 | D |
Explanation of responses
- F1The options will fully vest and become exercisable over a period of eight years, with 50% of the options vesting and becoming exercisable half way through the relevant vesting period, and remainder vesting and becoming exercisable proportionately each year thereafter.
- F2The options will fully vest and become exercisable over a period of five years, with 50% of the options vesting and becoming exercisable half way through the relevant vesting period, and remainder vesting and becoming exercisable incrementally (20%, 20% and 10%) each year thereafter.
- F3Reporting person exercised 60,000 stock options on 2/5/2016 and the subsequent sale of the underlying securities resulted in net proceeds of approximately $775,000 (after typical deductions, tax and fees). The net proceeds (received on settlement), plus approximately $200,000 of new funds from the reporting person, were subsequently used by the reporting person to exercise and hold 30,000 shares of issuer's securities on 2/9/2016.
- F4Shares attributed to reporting person's account within the issuer's 401(K) Plan as of February 8, 2016.