BRADY CORP — Director's Dealing 2017

Nov 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRADY CORP (BRC)
CIK: 0000746598
Period of Report: 2017-11-27

Reporting Person: Thornton Ann (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-27	Class A Common Stock	M	1129	$27.28	Acquired	10349	Direct
2017-11-27	Class A Common Stock	F	953	$39	Disposed	9396	Direct
2017-11-27	Class A Common Stock	M	3198	$19.96	Acquired	12594	Direct
2017-11-27	Class A Common Stock	F	2390	$39	Disposed	10204	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-27	Stock Option Net Exercise	$27.28	M	1129	Disposed	2024-12-31	Class A Common Stock (1129.0)	Direct
2017-11-27	Stock Option Net Exercise	$19.96	M	3198	Disposed	2025-09-25	Class A Common Stock (3198.0)	Direct

Footnotes

F1: Represents net exercise of stock option. 1,129 options were exercised, resulting in a net gain of 176 shares (340 gross shares less payroll tax withholding of 164 shares).

F2: Represents net exercise of stock option. 3,198 options were exercised, resulting in a net gain of 808 shares (1,561 gross shares less payroll tax withholding of 753 shares).

F3: Represents options exercisable one third each year for the three years subsequent to the grant date.