SEC Form 4 · accession 0001127602-15-001275
AVNET INC · AVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerard Fay
Officer — Senior Vice President
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2015 · 6:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008858
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 2, 2015 | F | 1,818 | $43.02 | D | 18,084 | D | |
| Common StockF2,F3 | Jan 5, 2015 | A | 7,098 | $0.00 | A | 25,182 | 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)F4 | $42.26 | Jan 5, 2015 | A | 22,224 | A | — | Jan 4, 2025 | Common Stock | 22,224 | 22,224 | D |
Explanation of responses
- F1Surrender of shares to pay taxes applicable to the vesting of incentive shares.
- F2Incentive stock grant will vest in three equal installments. The first installment will vest in January 2016, with the balance to vest in two equal annual installments thereafter.
- F3Includes 16,344 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.
- F4The option is exercisable in four equal annual installments beginning on the first anniversary of the date of grant.