SEC Form 4 · accession 0001127602-19-000903
AVNET INC · AVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney C Adkins
Director
Period of report
Jan 2, 2019
Accepted (ET)
Jan 3, 2019 · 5:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008858
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1 | — | Jan 2, 2019 | A | 4,481 | A | — | — | Common Stock | 4,481 | 4,481 | D |
Explanation of responses
- F1The reporting person has elected to defer 100% of the director's annual stock grant, whereby Phantom Stock Units ("PSUs") were issued in lieu, pursuant to the Avnet, Inc. Deferred Compensation Plan for Outside Directors. Each PSU is the economic equivalent of one share of the Issuer's common stock, and is to be settled in the Issuer's common stock on a one-for-one basis after cessation of the reporting person's membership on the Issuer's Board or upon change of control of the Issuer.