SEC Form 4 · accession 0001127602-18-035010
AVNET INC · AVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip R Gallagher
Officer — President · Other
Period of report
Nov 29, 2018
Accepted (ET)
Dec 3, 2018 · 5:17 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 | Nov 29, 2018 | M | 24,068 | $24.75 | A | 83,944 | D | |
| Common StockF2,F1 | Nov 29, 2018 | S | 24,068 | $43.18 | D | 59,876 | D | |
| Common Stock | holding | — | — | — | 59,344 | I | By Gallagher Family Trust |
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)F3 | $24.75 | Nov 29, 2018 | M | 24,068 | D | Aug 13, 2013 | Aug 12, 2019 | Common Stock | 24,068 | 0 | D |
Explanation of responses
- F1Includes 12,544 restricted stock units allocated but not yet delivered.
- F2The Price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.82 to $43.63, inclusive. The reporting person undertakes to provide to Avnet, Inc., any security holder of Avnet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to the Form 4.
- F3The option vested as to 25% of the underlying shares on each August 13, 2010, 2011, 2012 and 2013.