SEC Form 4 · accession 0001127602-19-000935
AVNET INC · AVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brenda Freeman
Director
Period of report
Jan 2, 2019
Accepted (ET)
Jan 3, 2019 · 6:22 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,F2 | — | Jan 2, 2019 | A | 4,481 | A | — | — | Common Stock | 4,481 | 4,900 | D |
Explanation of responses
- F1Each 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.
- F2The 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.