BRADY CORP — Director's Dealing 2017

May 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRADY CORP (BRC)
CIK: 0000746598
Period of Report: 2017-04-27

Reporting Person: Felmer Thomas J (SRVP & Pres., Workplace Safety)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-27	Class A Common Stock	M	15000	$38.31	Acquired	83977	Direct
2017-04-27	Class A Common Stock	F	14754	$39.55	Disposed	69223	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-27	Stock Option Net Exercise	$38.31	M	15000	Disposed	2017-12-04	Class A Common Stock (15000.0)	Direct

Footnotes

F1: Represents net exercise of stock option. 15,000 options were exercised, resulting in a net gain of 246 shares (470 gross shares less payroll tax withholding of 224 shares).

F2: Represents options exercisable one third each year for the three years subsequent to the grant date.